Effective rate of interest is the percentage rate of return on an annual basis, reflecting the effect of intra-year compounding.
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- Dual mandate
Dual mandate is a central bank mandate that features two co-equal objectives price stability and maximum employment.
Affiliate is a foreign operation, formed as either a branch or a foreign-incorporated subsidiary. If a firm is owned between 20% and 49% by a parent, it is an affiliate.
- Axe to grind
Axe to grind used in context of general equities. Involvement in a security, whether through a
- Asian Clearing Union (ACU)
Asian Clearing Union (ACU) is the simplest form of payment arrangements whereby the members settle payments for intra-regional transactions among ...
- Air Consignment Note
Air Consignment Note or Air Waybill is a document which acknowledges receipt by an air transport company of goods dispatched by air.
- Certificates of deposit (CDS)
Certificates of deposit (CDS) means bank obligations that pay higher interest than regular savings accounts because the depositor agrees to leave the money on deposit for a certain length of time.
- Pure risk
Pure Risk involve only a chance of loss.There is only possibility of loss but no possibility of profit.