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Definition of expatriate
a parent company or third-country national assigned
An international bank headquartered in Basel, Switzerland, which
Large and creditworthy company.
Related: Unsystematic risk
A foreign corporation whose voting stock is more than 50% owned
Arrangement whereby the shareholders of a project receive output free of
Covariance of a national economy's rate of return and the rate of return the world economy
The ability of the national economy to generate enough foreign exchange to meet
Level of political and economic uncertainty in a country affecting the value of loans or
A type of active international management that measures the contribution to performance
DTC is a user-owned securities depository which accepts deposits of
A U.S. corporation that receives a tax incentive for
That portion of domestic bank loans supplied to foreigners for use abroad.
A bond issued on the domestic capital market of anther company.
That portion of the domestic bond market that represents issues floated by foreign
Foreign currency option
An option that conveys the right to buy or sell a specified amount of foreign
Foreign currency translation
The process of restating foreign currency accounts of subsidiaries into the
Foreign direct investment (FDI)
The acquisition abroad of physical assets such as plant and equipment, with
Foreign equity market
That portion of the domestic equity market that represents issues floated by foreign companies.
Currency from another country.
Foreign exchange controls
Various forms of controls imposed by a government on the purchase/sale of
Foreign exchange dealer
A firm or individual that buys foreign exchange from one party and then sells it to
Foreign exchange risk
The risk that a long or short position in a foreign currency might have to be closed out
Foreign exchange swap
An agreement to exchange stipulated amounts of one currency for another currency
Part of a nation's internal market, representing the mechanisms for issuing and trading
Foreign market beta
A measure of foreign market risk that is derived from the capital asset pricing model.
Foreign Sales Corporation (FSC)
A special type of corporation created by the Tax Reform Act of 1984 that
Foreign tax credit
Home country credit against domestic income tax for foreign taxes paid on foreign
Government National Mortgage Association (Ginnie Mae)
A wholly owned U.S. government corporation
Gross national product (GNP)
Measures and economy's total income. It is equal to GDP plus the income
A corporation that owns enough voting stock in another firm to control management and
Loan made by one unit of a corporation to another unit of the same corporation.
Transaction carried out between two units of the same corporation.
International Bank for Reconstruction and Development - IBRD or World Bank
International Bank for Reconstruction and Development makes loans at nearly conventional terms to countries for projects of high
International Banking Facility (IBF)
International Banking Facility. A branch that an American bank
A collective term that refers to global bonds, Eurobonds, and foreign bonds.
International Depository Receipt (IDR)
A receipt issued by a bank as evidence of ownership of one or more
The attempt to reduce risk by investing in the more than one nation. By
International finance subsidiary
A subsidiary incorporated in the U.S., usually in Delaware, whose sole
International Fisher effect
States that the interest rate differential between two countries should be an
A mutual fund that can invest only outside the United States.
Related: See external market.
International Monetary Fund
An organization founded in 1944 to oversee exchange arrangements of
International Monetary Market (IMM)
A division of the CME established in 1972 for trading financial
Limitation on subsidiary borrowing
A bond covenant that restricts in some way a firm's ability to borrow at
London International Financial Futures Exchange (LIFFE)
A London exchange where Eurodollar futures
London International Financial Futures Exchange (LIFFE)
London exchange where Eurodollar futures as well as futures-style options are traded.
A firm that operates in more than one country.
National Futures Association (NFA)
The futures industry self regulatory organization established in 1982.
Related: internal market
A government takeover of a private company.
Offshore finance subsidiary
A wholly owned affiliate incorporated overseas, usually in a tax haven country,
SIMEX (Singapore International Monetary Exchange)
A leading futures and options exchange in Singapore.
Single country fund
A mutual fund that invests in individual countries outside the United States.
A foreign-based affiliate that is a separately incorporated entity under the host country's law.
Exchange-listed securities trading in the OTC market.
An accounting record giving the detailed transactions in an account; the subtotals of the debits and credits are posted to the control account maintained in the general ledger. It helps to keep the general ledger free of clutter.
See asset-specific risk
Foreign Corrupt Practices Act (FCPA)
a law passed by U.S. Congress in 1977 that makes it illegal for a U.S. company to engage in various “questionable” foreign payments and
limited liability company
an organizational form that is a hybrid of the corporate and partnership organizational
an individual or firm engaged in a high or moderate degree of conversion that results in service output
outsourcing of the moving and warehousing
A company that retains control over one or more other companies.
An account that is kept within a subsidiary ledger, which in turn
A company that is controlled by another company through ownership
company cost of capital
Expected rate of return demanded by investors in a company, determined by the average risk of the company’s assets and operations.
international Fisher effect
Theory that real interest rates in all countries should be equal, with differences in nominal rates reflecting differences in expected inflation.
The currency of a foreign country.
Foreign Exchange Market
A worldwide market in which one country's currency is bought or sold in exchange for another country's currency.
Foreign Exchange Reserves
A fund containing the central bank's holdings of foreign currency or claims thereon.
Gross National Product
Total output of final goods and services produced by a country's citizens during a year.
International Monetary Fund (IMF)
Organization originally established to manage the postwar fixed exchange rate system.
See foreign exchange reserves.
The debt owed by the government as a result of earlier borrowing to finance budget deficits. That part of the debt not held by the central bank is the publically held national debt.
GDP with some adjustments to remove items that do not make it into anyone's hands as income, such as indirect taxes and depreciation. Loosely speaking, it is interpreted as being equal to GDP.
National Income and Product Accounts
The national accounting system that records economic activity such as GDP and related measures.
Private saving plus public saving. That part of national income which is not spent on consumption goods or government spending.
Net National Product
GNP minus depreciation.
Publicly Held National Debt
See national debt.
Assets acquired to create money. May include plant, machinery and equipment, shares of another company etc.
company engaged in making loans to individuals or businesses. Unlike a bank, it does not receive deposits from the public.
A firm licensed to sell insurance to the public.
Organization usually combined with a commercial bank, which is engaged as a trustee for individuals or businesses in the administration of Trust funds, estates, custodial arrangements, stock transfer and registration, and other related services.
A mutual fund that can invest in securities issued anywhere outside of Canada.
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