Category: Financial Terminology
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Foreign Currency
Foreign money….
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Purchasing Power Parity
The notion that the ratio between domestic and foreign price levels should equal the equilibrium exchange rate between domestic and foreign currencies….
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Subsidiary
Legal Definition and Related Resources of Subsidiary Meaning of Subsidiary As applied to a corporation , it is one that is controlled by another corporation. For legal purposes, a subsidiary corporation is a distinct legal entity from the parent […]
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Taxable Income
All income classified as earned income within the meaning of Section 911 of the Internal Revenue Code of 1954 (26 U.S.C.S. §911) is taxable. Income is the excess of incoming receipts over outgoing expenditures. See United States v Basye, 410 U.S. 441, 93 S. Ct. 1080.
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Bond
Legal Definition and Related Resources of Bond Meaning of Bond A contract under seal to pay a sum of money ; a contract under seal acknowledging a debt, present or future. This is a single bond. A double bond is one where there is a condition […]
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Balance of Payments
Financial Definition of Balance Of Payments Meaning of Balance Of Payments A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a […]
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Gold Exchange Standard
A system of fixing exchange rates adopted in the Bretton Woods agreement. It involved the U.S. pegging the dollar to gold and other countries pegging their currencies to the dollar….
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Partnership
The relation subsisting between two or more persons who have contracted together to share as common owners the profits of a business carried on by all or any of them on behalf of all of them, Shumaker, Partnership, 2. Elements : The essential elements of a partnership are (1) a contract […]
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Customs Union
Financial Definition of Customs Union Meaning of Customs Union An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members. Related Entries of […]
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Futures Market
A market in which contracts for future delivery of a commodity or a security are bought or sold….
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Interest
Legal Definition and Related Resources of Interest Meaning of Interest In relation to being objectively concerned in something, by having a right or title to, a claim upon, or a share in. legal concern in a thing; especially right or title to […]