Download e-book for iPad: The Language of Money by Edna Carew

By Edna Carew

ISBN-10: 1863739661

ISBN-13: 9781863739665

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Bahrain Inter Bank Offered Rate the key interest rate used to determine the rate of interest for loans and deposits in Bahrain. Abbrev. BIBOR. See LIBOR, HIBOR, SIBOR. balance date the date at the end of an accounting period, by which all ledger accounts must be in balance. Most Australian companies balance at 30 June. balance of payments the record of a country's financial transactions with the rest of the world, often used as a measure of a country's economic health, although it is not necessarily the most accurate one.

Abbrev. ATM. See EFTPOS, electronic funds transfer, personal identification number. average price/rate option an option whose settlement value is based on the difference between the strike and average price or rate of the underlying instrument on specified dates during the life of the option or some other nominated period which would also end AVERAGE WEEKLY ORDINARY-TIME EARNINGS 20 with expiration of the option. Its premium is generally lower because the averaging process reduces volatility. Its theoretical value is also less than that of a corresponding conventional option.

It excludes overtime which can fluctuate considerably and so produce distortions. The information, relevant for measuring inflation, is collected and published by the Australian Bureau of Statistics. Abbrev. AWOTE. award (rate) the basic minimum rate of payment that can legally be made for any employee, excluding bonuses, overtime and penalties, usually expressed as an amount per hour. The 1990s are seeing a shift towards negotiating wages and conditions by groups of workers with individual employers or industries; however, award rates are seen as the minimum for those not able to negotiate enterprise agreements.

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The Language of Money by Edna Carew


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