International Economic Terms

English-language economic definitions generated from approved international institutional sources.

  • elderly dependency ratio

    The elderly dependency ratio is a demographic indicator of the relative size of the older population compared with the conventional working-age population. It is calculated by …

  • Electronic Bill Presentment and Payment (EBPP; electronic invoicing)

    Electronic Bill Presentment and Payment (EBPP) denotes a digital billing arrangement in which a biller makes an invoice available to a customer and enables the amount …

  • electronic data interchange (EDI)

    Electronic data interchange (EDI) enables organisations to send transaction-related information directly between computer systems in an agreed machine-readable structure. It is used for documents such as …

  • electronic money institution (ELMI)

    An electronic money institution (ELMI) is a regulated entity permitted under the EU framework to issue electronic money. Its business is limited primarily to electronic-money services …

  • electronic payment instrument

    An electronic payment instrument is the means through which a customer submits an electronic payment instruction to a payment service provider. It may consist of hardware, …

  • electronic payment instrument arrangement

    An electronic payment instrument arrangement is the organisational and technical framework through which a payment instrument scheme is governed and made usable across different payment service …

  • electronic payment instrument scheme

    An electronic payment instrument scheme establishes the operating framework for payments made through electronic instruments. It sets the conditions under which participating providers and end users …

  • electronic signature (digital signature)

    A digital signature is an electronic authentication mechanism that uses cryptographic keys to associate a document or message with the holder of a private key. The …

  • eligible assets (eligible collateral)

    Eligible assets are forms of collateral that counterparties may provide against credit supplied by the Eurosystem. Their use is subject to the conditions of the Eurosystem …

  • Employment Guidelines

    Employment Guidelines are common priorities for employment policy in the European Union. The Council of the EU adopts them on the legal basis of Article 148(2) …