- Branża: Education
- Number of terms: 31274
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1. Uncertainty associated with a transaction or an asset. 2. The probability of loss. Differs from definition 1 because "uncertainty" includes probability of gain as well.
Industry:Economy
1. The higher expected return (in the sense of mathematical expected value) that an uncertain asset must pay in order for risk averse investors to be willing to hold it. 2. The difference between the interest rate on a risky asset and that on a safe one. 3. In exchange markets the difference between the forward rate and the expected future spot rate.
Industry:Economy
1. The phasing out of measures that are not consistent with an agreement. 2. In the Uruguay Round, the agreement to remove all GATT-inconsistent trade-restricting and trade-distorting measures by the time negotiations were completed. See standstill.
Industry:Economy
A legal system in which rules are clear, well-understood, and fairly enforced, including property rights and enforcement of contracts.
Industry:Economy
1. To approve or give permission for an action, as when an international organization sanctions the use of particular economic policies. 2. A coercive measure used by a nation or group of nations against another as a penalty for violating international law or international norms. Usually plural: sanctions.
Industry:Economy
1. A list. See tariff schedule. 2. A graph of a list of data; thus also a curve. See demand schedule.
Industry:Economy
An agreement (later, convention) signed in 1985 to remove all frontier controls and permit free movement of persons between the participating countries. In 1999 it was incorporated into the European Union. As of 2007, there were 15 participants: all EU15 countries except Ireland and the U. K. , plus Iceland and Norway.
Industry:Economy
A factory that only assembles a product, from parts that were produced elsewhere. When FDI consists only of screwdriver plants, the host country often objects that it employes only low-skilled workers and/or that it provides no technology transfer.
Industry:Economy
A restriction on the quantity of imports of a good for a specified period of the year.
Industry:Economy
