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See also: value at risk.
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Total earnings before provisions are deducted. This measures a company's performance and is ...
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One of a number of gauges of a company's performance. It is calculated by dividing the company's ...
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The earnings yield is achieved by dividing earnings per share by the share price and multiplying ...
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Market idiom for cheap money which is in ample supply. Opposite of tight money. Traders also ...
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Abbrev. earnings before interest and tax.
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Abbrev. European Economic Community.
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A specialist branch of economics which applies statistical and mathematical techniques to ...
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A creation of economic theory, this model demonstrates economic behaviour in a 'perfect' world ...
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Originally established in 1983 as the Economic Planning Advisory Council, following the National ...
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Defining this notion is fraught with traps and it is probably fair to say that three economists ...
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Quite distinct from the usual meaning of 'rent', this means a payment over what is required ...
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The study of production possibilities, and the allocation of a society's resources. Thomas ...
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Practitioners of economics. Economists study the allocation of resources (employment, income, ...
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The bigger you are, the cheaper it comes, in the sense that the cost of producing or buying ...
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Abbrev. European currency unit.
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US federal law, enacted in December 1919 as Section 25 (a) of the Federal Reserve Act, to ...
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A US banking corporation organised under Section 25 (a) of the Federal Reserve Act to carry ...
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Abbrev. European Economic Area.
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The assumption, which underlies modern finance theory, that all available information about ...
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Abbrev. Export Finance and Insurance Corporation.
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Abbrev. exchange for physical.
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Abbrev. electronic funds transfer.
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Abbrev. European Free Trade Association.
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Abbrev. electronic funds transfer at point of sale.
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Abbrev. European Investment Bank.
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Finished or near-finished goods with high added value; for example, automotive components. ...
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A measure of the degree of response (the proportionate change) in one item to a given proportionate ...
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Computerised transfer of money from one account to another, usually by using an encoded plastic ...
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Paying for purchases with a plastic card which instantaneously debits the amount of a shopping ...
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A superannuation fund which meets requirements regarding the level of fees to be charged and ...
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Payment received on retirement, retrenchment, resignation or disablement. Many of these can ...
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A form of technical analysis (charting), named after Ralph Elliott who devised it in the early ...
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A restriction, sometimes enforceable by law, on goods or information, often applied for a ...
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An option that forms an inseparable element of another instrument, usually in the form of ...
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In quaint legalese, the crime of taking property as a servant, the property having been received ...
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Countries such as those in Latin America which are outside the mainstream western and more ...
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Based on experience or observation. History has been called 'empirical evidence'. In the conclusions ...
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One of a variety of incentive schemes, usually for the benefit of senior executives, through ...
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The amount contributed by an employer on behalf of an employee to a superannuation fund. Under ...
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A superannuation fund established by an employer (company) for the benefit of its employees. ...
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Abbrev. European Monetary System.
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The term used in the forward-rate agreement (FRA) market for what is known in the physical ...
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In banking and finance, to write a signature on the back of a cheque or bill of exchange verifying ...
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Under endowment assurance policies, the sum assured plus any bonuses is paid out on the death ...
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A wages-and-conditions agreement struck between an individual company and its workers (though ...
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Similar to a rights issue except that an entitlement issue is non-renounceable, ie, the issue ...
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A warehouse, or more commonly a trading centre or port where goods are imported, then re-shipped ...
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Abbrev. Economic Planning Advisory Council.
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Abbrev. earnings per share.
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A favourite expression among economists for what the rest of us call 'balance'. Equilibrium ...
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See also: estoppel.
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The part of something - asset, house or company - which you own. What the professionals call ...
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A technique to account for a company's interest in an associated company, ie, a company over ...
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Shares or call options offered to lenders, underwriters or management in return for their ...
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An additional enticement, such as free options granted to subscribers to a new issue of shares.
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A unit trust which gathers unitholders' funds and invests them in a range of shares through ...
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A warrant that is exercisable into an equity (share). See also: warrant.
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Abbrev. exchange rate mechanism.
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Abbrev. exchange settlement account.
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See also: accreting principal swap.
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A clause in a contract that allows the seller to be offered a higher price should the buyer ...
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A clause written into a contract, outlining a specified set of circumstances under which the ...
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The holding of a document recording an obligation or transaction by a third party (the escrow ...
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Abbrev. employee share ownership plan.
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See also: death duties.
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A legal doctrine which has evolved over the past couple of centuries, which essentially means ...
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Investment in companies or industries that promote positive approaches to environmental or ...
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Abbrev. elaborately transformed manufactures.
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Abbrev. eligible termination payment.
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Australian dollars held outside Australia.
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Short-term (one-to-six months) paper, such as bearer promissory notes or certificates of deposit, ...
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Abbrev. euro-commercial paper.
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A medium-term note issued in eurodollars. See also: medium-term note.
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A branch of the euromarkets, eurobonds took off in the 1960s. As with euromarkets, euro- refers ...
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A euromarket, rather than $US domestic, issue of CARs. See also: certificate for automobile ...
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A computerised settlement and deposit system for the safe custody, delivery and payment of ...
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These broadly refer to medium-term lending, usually by banks, which is made up of eurocurrencies. ...
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A currency on deposit or loan outside its own country. The eurodollar is the most common eurocurrency; ...
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$US held in banks outside the US, mostly in Europe. See also: euromarkets.
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Denominated in $NZ, issued in the euromarkets, ie, outside New Zealand, targeted to non-New ...
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Lines of credit denominated in eurocurrencies.
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The markets for eurocredits, eurocurrencies and eurobonds - currencies and securities held ...
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The short-term version of the eurobond, issued with floating rates and usually with maturities ...
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The unit of account within Europe's Economic Union. The European currency unit is made up ...
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A large free-trading market created by the linking in early 1994 of the European Union (formerly ...
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See also: European Union.
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One of a number of agreements by groups of European countries to promote liberal trade practices. ...
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A non-profit oriented organisation established to provide funds for major development projects ...
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An agreement between the countries of the European Union to manage their currencies so that ...
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A put or call option that cannot be exercised before its expiry date. See also: American ...
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The matured version of the European Economic Community (EC), which was founded under the Treaty ...
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Japanese currency held in term deposits in banks outside Japan, mostly in Europe. The yen ...
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A bond denominated in Japanese currency, usually issued or held outside Japan. However, Japan's ...
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A revolving loan with no maturity date. See also: rollover.
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Signifying that a bond being sold does not carry an entitlement to the current interest payment. ...
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A position described as 'ex officio' is one that goes hand in hand with a particular office, ...
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Similar to ex-interest ('ex' means 'without' in money language), ex-dividend identifies a ...
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See also: Export-Import Bank of the United States.
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Without interest. Bonds are quoted ex-interest fifteen days before coupon date so that interest ...
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See also: exchange for physical.
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A stock exchange term meaning that the price quoted for a share does not include the right ...
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Regulation at government level of money-flows in and out of a country. Exchange controls are ...
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A transaction in which a physical commodity or financial instrument, eg, a government bond ...
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The penultimate stage when buying real estate. The exchange of contracts (a formal agreement ...
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What one currency is worth in terms of another, for example the $A might be worth 73 US cents ...
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See also: European Monetary System.
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Accounts held with the Reserve Bank and used by the banks and Special Service Providers to ...
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An option traded on a recognised exchange, with contract specifications set by the exchange ...
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A domestic tax, levied on selected commodities by the federal government, which has exclusive ...
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See also: headhunter.
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One who is appointed in a will to administer the distribution of a deceased person's estate ...
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A market relieved of most of the provisions of Chapter 7 or Chapter 8 of the Corporations ...
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Converting an option into its underlying futures contract or into the shares covered by the ...
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See also: strike price.
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Those which are thinly traded and for which there is no sizable international market.
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Options with unusual features, be that an unusual underlying asset or intrument or method ...
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Accounting language for a payment made or to be made for an asset or service. See also: ...
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Accounting jargon has converted this noun into a verb which means to treat a sum of money ...
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A tax beneficial privilege given usually to business executives to recognise that almost everything ...
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The date on which an option expires (matures). An option buyer wishing to exercise the option ...
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Loans made by organisations such as Australia's Export Finance and Insurance Corporation and ...
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A statutory corporation established in 1957 to support Australia's overseas trade by providing ...
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Concessions to exporters to encourage them to sell more, for example, export credits and other ...
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Japan's export financing institution, established in 1950 and the equivalent of Australia's ...
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An independent federal banking corporation established in 1934 to help finance the US's exports ...
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Risk. Traders talk of 'exchange rate exposure' and 'interest rate exposure' which means they ...
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This can be a bank account held by a resident with an overseas institution or it can refer ...
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An examination and verification of a company or organisation's financial accounts and records, ...
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What is owed by a country's government and private sector to foreigners.
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See also: extraordinary items.
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A meeting called for a specific purpose. See also: annual general meeting, boardroom, ...
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Income or expenses which are outside the normal course of a company's business and which are ...
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See also: time value.
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