Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Fees
Are charges or payments required for services, transactions, or the use of certain financial products, such as account maintenance fees or service charges.
Collection Fees
Collection fees (percentage) imposed by the shipping company, where overseas freight and other charges are to be collected.
Exchangeable Debt Instrument
A debt instrument whose holder has the right to exchange it for shares in a company in which the issuer of that instrument owns a number of shares equal to or greater than the number of shares that can be exchanged for the exchangeable debt instrument.
Debt Settlement
The process in which a creditor and debtor reach an agreement on the repayment or partial payment of a debt, typically involving a reduction in the total amount owed or an adjustment of payment terms to resolve the debt.
Customer-Centric Risk Management
Identifying risks that could impact customer experience and satisfaction and taking the necessary arrangements to reduce or deal with it.
Central Bank
The primary financial institution responsible for managing a country's money supply, interest rates, and often, overseeing the banking system's stability.
Contract Expiry Date
The date of termination of the contractual engagement between the government entity and the other party according to the conditions and regulations mentioned in the contract.
Consumption
The process of using goods or resources directly in economic activities, either in production or personal consumption.
Contract Award
The act of an entity confirming the conclusion of a contract with a specified third party after completing the tendering procedures, for the provision of services, execution of a project, or supply of the required goods.
Freelance Economics
A labor market based on short-term contracts and freelance work instead of permanent jobs.
Shadow Economy
All economic activities and transactions, whether legal or illegal, that are not recorded in the official accounts or regulations of the state, and whose transactions are subject to taxation if reported.
Developing Economies
Countries facing challenges in economic growth, relying mostly on agriculture and natural resources, and dealing with issues in infrastructure, education, and healthcare.
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