Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Global Shock
Sudden global disruptions, such as financial crises, pandemics, geopolitical conflicts, as well as natural disasters and developments in climate change.
Explicit
Something that is clearly and openly stated, expressed, or defined without ambiguity or vagueness.
Exchange Deal
Financial contracts in which two parties agree to exchange cash flows or financial instruments, often used for managing interest rate or currency risk.
Worker Data Boxes
A system for organizing and analyzing workforce-related data for decision-making.
Sovereign Wealth Fund
A Government-owned investment fund derived from surplus revenues.
Predictive Maintenance
Utilizing technologies and devices to forecast failures, determine the timing of required maintenance, or both.
Deductible Input Tax
Input Tax that may be deducted from Tax Due on supplies for each Tax Period in accordance with the Agreement and Local Law.
Output Tax
The tax due and chargeable on any taxable supply of goods or services made by a taxable person. This is usually collected by the person making the supply.
Sales Tax
An indirect tax imposed on the sale of goods and services to the final consumer. It is usually collected by the seller at the point of sale and then remitted to the government.
Property Collateral
An asset or property offered as security for a loan or credit arrangement. It serves as a backup source for repayment in case the borrower defaults.
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