Category: Finance Law
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Reserves
In insurance industry usage, funds set aside to satisfy claims which have arisen but not yet paid. Such reserves fall into two categories: (11 Those arising from claims made upon the insurer but not yet actually paid; and (2) claims which have been incurred but not yet reported. In the latter case, …
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Bretton Woods Agreement
The product of an international conference on monetary and economic affairs held at the end of World War II, from which resulted the International Monetary Fund and the World Bank; the term is used most commonly in reference to a program for world monetary affairs that emerged from the conference an…
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Crowdfunding
Regulation of Crowdfunding in the United States Financial Regulation of Crowdfunding Intermediates in the United States In relation to the crowdfunding intermediary provisions in Title III of the JOBS Act: Crowdfunding issuers. Title III of the U.S. JOBS Act amends Section 4 of the […]
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Crowdfunding
Regulation of Crowdfunding in the United States Financial Regulation of Crowdfunding Intermediates in the United States In relation to the crowdfunding intermediary provisions in Title III of the JOBS Act: Crowdfunding issuers. Title III of the U.S. JOBS Act amends Section 4 of the […]
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European Monetary Cooperation Fund
The successor to the European payments Union (read this and related legal terms for further details), the EMCF was established by the European Monetary Agreement of 1958 as a vehicle to enhance monetary cooperation among…
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European Monetary Cooperation Fund
The successor to the European payments Union (read this and related legal terms for further details), the EMCF was established by the European Monetary Agreement of 1958 as a vehicle to enhance monetary cooperation among…
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Central Bank
The principal monetary authority of a nation. In most commercially developed nations the central bank issues the currency and acts as banker for the government and the nation's commercial banks. By setting the rate at which it will lend money to commercial banks, the central bank […]
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Central Bank
The principal monetary authority of a nation. In most commercially developed nations the central bank issues the currency and acts as banker for the government and the nation's commercial banks. By setting the rate at which it will lend money to commercial banks, the central bank […]
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Swap Arrangement
An agreement between central banks to lend each other prearranged sums of each other's currency. This arrangement is designed to permit a central bank to intervene in the foreign exchange market so as to retard speculative pressures on its currency. Such agreements are generally bilateral and us…
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Swap Arrangement
An agreement between central banks to lend each other prearranged sums of each other's currency. This arrangement is designed to permit a central bank to intervene in the foreign exchange market so as to retard speculative pressures on its currency. Such agreements are generally bilateral and us…
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European Monetary System
Summary of European Monetary System A mechanism established by the European Communities to mitigate exchange rate fluctuations among the members and establish a zone of "monetary stability in Europe."The EMS is, in part, a fulfillment of the 1970 Werner Report (read this and […]
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European Monetary System
Summary of European Monetary System A mechanism established by the European Communities to mitigate exchange rate fluctuations among the members and establish a zone of "monetary stability in Europe."The EMS is, in part, a fulfillment of the 1970 Werner Report (read this and […]
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Balance of Payments
Balance Of Payments Summary of Balance Of Payments The sum owed to or by a nation as the result of its international transactions during a given time period, usually one year. The balance of payments is calculated by subtracting the nation's total payments to foreigners from total […]
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Balance of Payments
Balance Of Payments Summary of Balance Of Payments The sum owed to or by a nation as the result of its international transactions during a given time period, usually one year. The balance of payments is calculated by subtracting the nation's total payments to foreigners from total […]