AVALIZE
The act of involving a third party (typically a lending institution or a bank) to ensure the obligations of a buyer towards a seller per the terms of a contract such purchase agreement or a promissory note. The bank, by applying the "avalizing" in the document (normally "by aval" is inscribed on the document itself), undertaking as the cosigner with the buyer on the transaction.
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European Currency Quotation
Indirect quotation in the foreign exchange market in which the value of a foreign currency is denoted as a per-unit measure of the US dollar. It sh ...
Passbook Loan
Passbook-loans are offered to saving-account holders by the custodial bank. This type of personal load uses the balance of a holder’s saving ...
Buy Minus
Order in which a client instructs a broker to buy a stock below its current market price. Traders use buy minus order when he intends to purchase a ...
Startup Capital
Startup capital is also known as ‘seed money’. It is the money used in operating a startup business. Money may be used for permits, inv ...
Estate Tax
Tax levied on an heir’s inherited part of an estate if the value exceeds the exclusion limit set by the law. This is mostly imposed on assets ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 10:00 | Ifo Business Climate Index | May | |
| 10:00 | Ifo Current Assessment | May | |
| 10:00 | Ifo Business Climate Index | May | |
| 10:00 | IFO - Expectations | May | |
| 10:00 | Ifo Current Assessment | May | |
| 10:00 | IFO - Expectations | May | |
| 14:59 | NBB Business Climate | May | |
| 14:59 | NBB Business Climate | May | |
| 01:01 | BRC Shop Price Index | May |
