Related Entries of the International Encyclopedia:

1. Reference Price A mechanism of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community designed to prevent disruptive import competition for certain vegetables, fruits, f......
2. Entry Price Under the common agriculture POLICY (read this and related legal terms for further details) of the European Economic Community, the price at which certain imported agricultural products enter EEC commerce. If the entry p......
3. Werner Report A report on the subject of European integration, prepared by a committee under the leadership of Pierre Werner, prime minister of Luxembourg. The report, published in October 1970, urged full economic and monetary union within the European Economic Community as "a catalyst for the development o......
4. EMU EMU (Economic and Monetary Union) and Europe There is an entry on emu (economic and monetary union) in the European legal encyclopedia. EMU and the European Union Resources See Also Economic and Monetary Union Resources See Also Further Reading Entry "EMU (Economic and Monetary [...]...
5. Orientation Price As used in conjunction with the Common Agricultural Policy of the European Economic Community it is the target price (read this and related legal terms for further details) for cattle and calves, i.e., the equilibrium pr......
6. Guide Price As used in conjunction with the European Economic Community's Common Agricultural Policy on cattle and calves, it is synonymous with Orientation Price (read this and related legal terms for further details).......
7. Target Price An important concept within the common agricultural policy (read this and related legal terms for further details) of the European Economic Community. It represents an optimum wholesale price within the community for a g......
8. Intervention Price The price at which the European Economic Community, in accordance with the Common Agricultural Policy (read this and related legal terms for further details), will intervene in the market to buy excess agricultural produ......
9. Threshold Price A minimum import price for commodities established under the common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community, set so as not to hamper sales of EEC pro......
10. Withdrawal Price A floor price at which European Economic Community producers of certain food products may withhold their goods from the market. The withdrawal price is generally below the base price (i.e., the target price set for a given commodity) and the purchase price at which EEC governments will intervene in ......
11. Economic Union Summary of Economic Union Also known as an economic community, an advanced form of economic integration on the part of several states. The economic union incorporates the features of a Common market (read this and related legal terms for further details)—unrestricted free trade among [...]...
12. Indicative Price Also known as the norm price, the Target Price (read this and related legal terms for further details) for producers of olive oil under the common agricultural policy (...
13. Economic Community European Economic Community (EEC) and Europe There is an entry on european economic community (eec) in the European legal encyclopedia. Resources See Also Further Reading Entry "European Economic Community (EEC)" in the work "A Concise Encyclopedia of the European Union from [...]...
14. European Economic Community Summary of European Economic Community One of the three components of the European Communities. In March 1957, the members of the European Coal and Steel Community (France, Federal Republic of Germany, Italy, and the Benelux countries) expanded the sphere of economic cooperation through the [...]...
15. Intervention Summary of Intervention A process within the framework of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community whereby the EEC will purchase certain commodities currently selling below a stipulated target price. The price [...]...
16. ECU Ecu Summary of Ecu The European Monetary System is considered here.(Main Author: William J. Miller) ECU and International Trade Economy ECU (European Currency Unit) and Europe There is an entry on ecu (european currency unit) in the European legal encyclopedia. ECU and the [...]...
17. Treaty of Rome Treaty Of Rome Summary of Treaty Of Rome The document, signed at Rome in 1957 (effective January 1, 1958), by which the six founding states established the European Economic Community (read this and related legal terms for further details). (Main Author: William J. Miller) The Treaty of [...]...
18. European Payments Union Summary of European Payments Union An intra-European mechanism for the periodic settlement of trade balances. The EPU was established July 1, 1950, among the members of the Organization for European Economic Cooperation (read this and related legal terms for further details) (OEEC) to [...]...
19. European Community European Community (EC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of European Community (EC): (Previously known as the European Economic Community, or EEC; the term "European Communities" [...]...
20. Single Market Summary of Single Market A component feature of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community.(Main Author: William J. Miller) Single Market and Europe There is an entry on single market in the European [...]...
21. Supplementary Levy An additional tax that may be imposed upon imports of pork, poultry, or eggs into the European Economic Community when the purchase price of such items falls below the Gate Price ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
22. Gate Price The minimum price at which pork, poultry, and eggs werw permitted to enter the European Economic Community under the common AGRICULTURAL POLICY (read this and related legal terms for further details) without imposition o......
23. Liquidity Summary of Liquidity The quality of being convertible into monetary wealth; as relates to a given nation's economic condition, liquidity consists of that country's supply of gold, foreign exchange holdings, and Special drawing Rights (read this and related legal terms for further [...]...
24. Competition Law Anti-Dumping and Competition Law and the World Trade Organization Anti-Dumping and Competition Law in relation to the World Trade Organization (WTO) covers several issues. Competition Law in a Global Context Contents of Competition Law in a Global Context Contents of this subject matter [...]...
25. Restitutions Export and producer subsidies granted by the European Economic Community to EEC farmers and processors. The subsidies are a feature of the Common Agricultural Policy (read this and related legal terms for further details......
26. Buyer's Premium A subsidy offered by a member state of the European Economic Community to domestic tobacco processors to encourage the use of EEC, rather than imported, tobaccos. The program, which is a feature of the common AGRICULTURAL POLICY (...
27. Maastricht Treaty The Maastricht Treaty (a/k/a the "Treaty of Maastricht" or the "Treaty on Economic Union") created the Euro as Europe's single currency. The treaty was signed Feb. 1, 1992 and came into force Nov. 1, 1993, although the Euro didn't come into use until 1999. The Treaty is [...]...
28. Group of Seven Group of Seven (G- 7) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Group of Seven (G- 7): The seven leading industrial countries of the world: the United States, Japan, Germany, France, the United [...]...
29. Economic Integration Summary of Economic Integration The process of unifying two or more national economies through conscious coordination of trade, fiscal, and monetary activities. Economic integration is normally preceded by the reduction or abolition of tariffs, quotas, and similar constraints upon trade [...]...
30. European Communities Summary of European Communities The name for the collective institution that embraces the European Economic Community, the European Atomic Energy Community, and the European Coal And Steel Community (qq.v.). Each of the three entities was established by separate convention, the earliest of [...]...
31. European Political Community European Political Community and Europe There is an entry on european political community in the European legal encyclopedia. Resources See Also Further Reading Entry "European Political Community" in the work "A Concise Encyclopedia of the European Union from Aachen to [...]...
32. Defense Community European Defence Community (EDC) and Europe There is an entry on european defence community (edc) in the European legal encyclopedia. Resources See Also Further Reading Entry "European Defence Community (EDC)" in the work "A Concise Encyclopedia of the European Union from [...]...
33. Additional Product Aid A feature of the Common Agricultural Policy of the European Economic Community, which provides price supports to EEC producers affected by import competition. The "community preference" mechanism of the CAP eliminates external competition for most items but does not respond for certain pro......
34. Adjusted Cif Price A factor in determining the variable import levy imposed by the European Economic Community on grain imports. The adjusted C.I.F. (cost, insurance, and freight) price is derived by assigning a quality factor to grain imported from non-EEC countries so as to put the import on a quality basis comparab......
35. Snake A medium for the stabilization of the exchange rates of European currencies. In October 1970 the Werner Plan addressed the adoption of a common European currency as a vehicle for the full economic and political integration of Europe. The demise of the bretton woods agreement (...
36. Arbitrage Summary of Arbitrage The practice whereby foreign exchange or commodities are purchased in one market at lower cost and rapidly traded off in another, higher cost market. For example, if the pound sterling sells for $1.50 in Paris, but only $1.45 in New York, an arbitrageur could buy [...]...
37. Pillars of the European Union Pillars of the European Union and the Treaties of the European Union Description of Pillars of the European Union provided by the European Union Commission: In Community parlance people often refer to the three pillars of the EU Treaty. These three pillars, which form the basic structure of [...]...
38. Price Base Price or Basic Price and International Trade Resources See Also Further Reading Information related to price in the Max Planck Encyclopedia of International Law(MPEPIL), Germany, United Kingdom Resources See Also Common Agricultural Policy Gate Price and International Trade Resources [...]...
39. Schuman Plan Summary of Schuman Plan A series of proposals for the pooling of European coal and steel resources as a vehicle for European economic recovery and integration, advanced by Robert Schuman of France in 1950. Schuman's plan was accepted by the governments of Belgium, Luxembourg, the [...]...
40. WEU WEU (Western European Union) and Europe There is an entry on weu (western european union) in the European legal encyclopedia. Common Foreign and Security Policy, NATO and WEU and the European Union WEU and the European Union Resources See Also International Organization Foreign Relations [...]...
41. European Common Market European Common MarketCross-reference: European Economic Community and European Union.......
42. Central Banks European System of Central Banks (ESCB) and Europe There is an entry on european system of central banks (escb) in the European legal encyclopedia. This section provides an overview of central banks within the legal context of Monetary Institutions in international economic law, with coverage [...]...
43. Common Market Summary of Common Market A supranational organization of trading nations, created to promote economic collaboration and minimize constraints on the free movement of goods among the member states. Features of a common market include elimination of tariffs on goods moving between member [...]...
44. Group Of Twenty Group Of Twenty Summary of Group Of Twenty A committee established by the International Monetary Fund (read this and related legal terms for further details) to recommend reforms in the world monetary order. On July 26, 1972, the IMF adopted resolution 27-10, establishing the Committee on [...]...
45. Economic Space European Economic Space and Europe There is an entry on european economic space in the European legal encyclopedia. Resources See Also Further Reading Entry "European Economic Space" in the work "A Concise Encyclopedia of the European Union from Aachen to Zollverein", by [...]...
46. Economic Area European Economic Area (EEA) and Europe There is an entry on european economic area (eea) in the European legal encyclopedia. Resources See Also Further Reading Entry "European Economic Area (EEA)" in the work "A Concise Encyclopedia of the European Union from Aachen to [...]...
47. Organization For European Economic Cooperation Organization For European Economic Cooperation Summary of Organization For European Economic Cooperation A post-World War II organization established to coordinate the reconstruction of Europe. The OEEC arose in response to an Anglo-French declaration in 1947 calling for European [...]...
48. Microfinance Microfinance (in the Human Development Area) In this context, Microfinance means: the complex of financial products for low-income part of population aimed at facilitating their involvement into economic activity. This section provides an overview of microfinance within the legal context of [...]...
49. Community Method Community Method and Europe There is an entry on community method in the European legal encyclopedia. Resources See Also Further Reading Entry "Community Method" in the work "A Concise Encyclopedia of the European Union from Aachen to Zollverein", by Rodney Leach (Profile [...]...
50. Common Financing A feature of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community.......
51. Common Pricing A feature of the COMMON AGRICULTURAL policy (read this and related legal terms for further details) of the European Economic Community.......
52. Financial Solidarity A component principle of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community.......
53. Trade Agreements Commercial Treaties: Trade Agreements In addition to formal agreements between modern states having important economic ties with each other, less formal and durable agreements relate to such matters as tariff rates, navigation dues, customs formalities, air-transport clearance arrangements, [...]...
54. Mediterranean Policy Mediterranean Policy and Europe There is an entry on mediterranean policy in the European legal encyclopedia. Resources See Also Further Reading Entry "Mediterranean Policy" in the work "A Concise Encyclopedia of the European Union from Aachen to Zollverein", by Rodney [...]...
55. Economic Law Regulatory Areas Economic Law Main Regulatory Areas in International Law In international economic law, main regulatory areas includes the following legal areas, with coverage in this world legal encyclopedia: li>Competition Law and Policy Domestic Regulation (Behind the Borders) Government Procurement Labour [...]...
56. Trade Union Fund Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
57. East- West Trade A general reference to trade between the industrial nations of the West, particularly those nations that are members of the Organization for Economic Cooperation and Development ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
58. Spot Price The price of a commodity in the Spot Market (read this and related legal terms for further details), i.e., the price quoted for immediate sale and delivery. ......
59. CIS Economic Union CIS Economic Union in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of CIS Economic Union: A prospective customs union among most members of the Commonwealth of Independent States, intended to restore economic [...]...
60. Finance Literature Review on Finance: Activity-Based Costing (ABC) In the Encyclopedia of Public Administration and Public Policy, [1] Thomas Buttross and George Schmelzle provide the following summary about the topic of Activity-Based Costing (ABC) in Finance: This entry is meant to provide the [...]...
61. EEC Embracing mainstream international law, this section on eec explores the context, history and effect of the area of the law covered here. EEC and Europe There is an entry on eec in the European legal encyclopedia. EEC and the European Union Resources See Also International Organization [...]...
62. European Currency Unit Summary of European Currency Unit The European Monetary System is considered here.(Main Author: William J. Miller) European Currency Unit and the European Union Resources See Also ECU...
63. The Six Summary of The Six The member states of the European Communities (Federal Republic of Germany, France, Italy, Belgium, Netherlands, and Luxembourg) prior to the enlargement of the community to embrace Great Britain, Ireland, and Denmark (all in 1972) and Greece (1981).(Main Author: [...]...
64. Efta Efta Efta in International Trade Meaning of Efta, according to the Dictionary of International Trade (Global Negotiator): The European Free Trade Association is an intergovernmental organization set up for the promotion of free trade and economic integration to the benefit of its four Member [...]...
65. Monetary Approach A view held by one school of economics, that the rate of exchange between two currencies is determined by the relative supply and demand for those currencies.......
66. Monetary Bloc A group of countries that have in common the use of a particular reserve asset. Traditionally, the U.S. dollar and the pound sterling have served as primary reserve assets for many nations, resulting in monetary blocs arising around the dollar or the pound.......
67. Monetary Reserves Precious metal, or foreign currencies convertible into metal, held by a national treasury or central bank as security for money in circulation.......
68. Monetary Unit The unit of account established by law in terms of which transactions are expressed. In the United States the monetary unit is the dollar, which, although no longer officially converted into gold, is tied to gold at the rate of $42.22 per fine ounce.......
69. Compensatory Tax A special import levy imposed by the European Economic Community upon certain agricultural imports when the entry price of such products falls below a reference, or minimum target, price and the import is priced so as to reflect an export subsidy. Compensatory taxes are institutionalized in the [...]...
70. Compensatory Duty Cross-reference: Duty.......
71. Compensatory Suspension The suspension of trade concessions by a nation in retaliation for the suspension of concessions by a trading partner.......
72. Compensatory Withdrawal The cancellation of a trade concession by a nation in retaliation for the withdrawal of a concession by a trading partner.......
73. Compensatory Damages An award of money damages to make the plaintiff whole, as opposed to additional damages (punitive) that punish the defendant or make an example of defendant. (1) Tort Law Since the purpose of tort law is to compensate the victim for harm actually done, damages are usually measured by the [...]...
74. Compensatory Financing Facility A special lending facility of the International Monetary Fund designed to aid developing nations confronted with temporary payment imbalances. The facility was established in 1963 to provide shortterm financing to nations dependent upon primary products for export income, and where that income had d......
75. Monetary Law Allocation of Powers and Jurisdiction in Monetary Law This section provides an overview of allocation of powers and jurisdiction in monetary law within the legal context of Law and Economics in Monetary Affairs in international economic law, with coverage of Monetary and Financial Regulation [...]...
76. Monetary Damages When Monetary Damages Are Inadequate: Main Elements The coverage of When Monetary Damages Are Inadequate includes the following element(s): Other Remedies for Breach of Contract For detailed information on this issue, please read the corresponding entry. References See Also Contracts (in [...]...
77. Monetary Policy Monetary Policy (in the Human Development Area) In this context, Monetary Policy means: the complex of actions aiming to regulate the money supply in a country. By changing banking interest rate, or acting on open securities' market, a government either enlarges or diminishes inflow of [...]...
78. Monetary Powers Fiscal and Monetary Powers of Congress in U.S. Constitutional Law A list of entries related to Fiscal and Monetary Powers of Congress may be found, under the Fiscal and Monetary Powers of Congress subject group, in the United States constitutional law platform of the American legal encyclopedia....
79. Monetary System European Monetary System (ems) and Europe There is an entry on european monetary system (ems) in the European legal encyclopedia. Resources See Also Public Finance Public Policy Tax Law Financial Regulation Resources See Also Further Reading Entry "European Monetary System (ems)" [...]...
80. Monetary Committee Monetary Committee and Europe There is an entry on monetary committee in the European legal encyclopedia. Resources See Also Further Reading Entry "Monetary Committee" in the work "A Concise Encyclopedia of the European Union from Aachen to Zollverein", by Rodney Leach [...]...
81. Monetary Policies The Role of Law in Monetary Policies This section provides an overview of the role of law in monetary policies within the legal context of Law and Economics in Monetary Affairs in international economic law, with coverage of Monetary and Financial Regulation (Main Regulatory Areas). Monetary [...]...
82. Monetary Affairs Law and Economics in Monetary Affairs in International Economic Law In international economic law, law and economics in monetary affairs includes the following legal areas, with coverage in this world legal encyclopedia: li> Allocation of Powers and Jurisdiction in Monetary Law The Role of [...]...
83. Monetary Regulation Monetary and Financial Regulation This section provides an overview of monetary and financial regulation within the legal context of Monetary and Financial Regulation in international economic law (Main Regulatory Areas)....
84. Monetary Institutions Monetary Institutions in International Economic Law In international economic law, monetary institutions includes the following legal areas, with coverage in this world legal encyclopedia: li> International Monetary Fund (IMF) Central Banks Bank of International Settlements (BIS) [...]...
85. Monetary Agreement Resources See Also Further Reading Information related to monetary agreement in the Max Planck Encyclopedia of International Law(MPEPIL), Germany, United Kingdom...
86. Monetary Relations Resources See Also Further Reading Information related to monetary relations in the Max Planck Encyclopedia of International Law(MPEPIL), Germany, United Kingdom...
87. Monetary Transfer Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance International Public Finance...
88. Monetary Union Resources See Also International Organization Foreign Relations Intergovernmental Organization Regional Organization Regional Integration...
89. Monetary Circulation Resources See Also Public Finance Public Policy Tax Law Financial Regulation...
90. Monetary Gold Case Embracing mainstream international law, this section on monetary gold case explores the context, history and effect of the area of the law covered here. Resources Further Reading The entry "monetary gold case" in the Parry and Grant Encyclopaedic Dictionary of International Law [...]...
91. Monetary Unit of Account Embracing mainstream international law, this section on monetary unit of account explores the context, history and effect of the area of the law covered here. Resources Further Reading The entry "monetary unit of account" in the Parry and Grant Encyclopaedic Dictionary of [...]...
92. Compensatory Seats Compensatory Seats in Election Law In a Mixed Member Proportional system, these are seats allocated to parties based on the percentage of the national vote that they obtain. The purpose is usually intended to make up for imbalances in the results of a plurality/majority voting system. In Mixed [...]...
93. Compensatory Trade Compensatory Trade in International Trade Meaning of Compensatory Trade, according to the Dictionary of International Trade (Global Negotiator): A form of countertrade where any combination of goods and services are bartered. See countertrade....
94. Depreciation (Monetary) A fall in the value of money. This fall may be reflected as (1) internal depreciation, a decline in the domestic buying power of money, as measured by standard indices— if it now costs $110 to buy what $100 would have bought a year ago, the dollar has depreciated by 9 percent (100 divided by 110) ......
95. Monetary Freedom Contents Monetary Freedom Introduction The Index of Economic Freedom The Index of Economic Freedom measures ten components of economic freedom, ... Read more...
96. 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......
97. International Monetary Fund International Monetary Fund Outline The UN Monetary and Financial Conference met in Bretton Woods, New Hampshire, United States, from 1 to 20 July 1944. The Bretton Woods Agreement announced the establishment of the International Monetary Fund (IMF) and the International Bank for [...]...
98. International Monetary Regulation Contents International Monetary Regulation Resources See Also Foreign Policy Foreign Affairs International Relations Further Reading Adler, E., & Haas, P. ... Read more...
99. Report To The Council And Commission On Economic And Monetary Union In The Community A report from 1970. See Werner Report Community.......
100. Non-Monetary Incentives Literature Review on (Management) Non-Monetary Incentives and Productivity In the Encyclopedia of Public Administration and Public Policy, [1] Hedy L. Isaacs offers the following summary about the topic of (Management) Non-Monetary Incentives and Productivity: Non-monetary incentives refer [...]...
101. Central Monetary Institutions The principal agencies of government responsible for a nation's international financial affairs, particularly in exchange rate or balance of payments matters. The central monetary institutions usually consist of the ministry of finance and the central bank, or another exchange control agency.......
102. 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 [...]...
103. European Monetary Institute European Monetary Institute (emi) and Europe There is an entry on european monetary institute (emi) in the European legal encyclopedia. European Monetary Institute and the European Union Resources See Also EMI Resources See Also Further Reading Entry "European Monetary Institute [...]...
104. Latin Monetary Union Latin Monetary Union and Europe There is an entry on latin monetary union in the European legal encyclopedia. Resources See Also Further Reading Entry "Latin Monetary Union" in the work "A Concise Encyclopedia of the European Union from Aachen to Zollverein", by Rodney [...]...
105. European Monetary Union Meaning of European Monetary Union Here is a very short concept of european monetary union in the European Union framework: It is a common mistake that EMU means European monetary union. In fact the initials stand for Economic and Monetary Union, a more far-reaching goal. Resources Notas y [...]...
106. Economic and Monetary Union Economic and Monetary Union and the European Union Resources See Also EMU...
107. European Economic and Monetary Union Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance International Public Finance...
108. International Monetary Reform Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance International Public Finance...
109. INTERNATIONAL MONETARY SYSTEM Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance International Public Finance...
110. West African Economic and Monetary Union West African Economic and Monetary Union or Union Economique et Monetaire Ouest africaine (UEMOA) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of West African Economic and Monetary Union or Union [...]...
111. Mongolia admitance in the EBRD Mongolia admitance in the EBRD Amendment to the Agreement Establishing the European Bank for Reconstruction and Development Contents Title of ... Read more...
112. Montant De Soutien A plan devised by the European Economic Community in 1963 as the basis of agricultural trade negotiations during the Kennedy round. The plan is predicated upon a reference price for a given agricultural commodity; any imports below the reference price would incur a levy equal to the spread between t......
113. Montant Forfaitaire Also known as abattementforfaitaire, the amount by which members of the European Economic Community reduce levies on products imported from other EEC members, thereby ensuring a price advantage to Community products over imports from the outside.......
114. Modern Legal Systems Cyclopedia Modern Legal Systems Cyclopedia The Modern Legal Systems Cyclopedia comprises introductions to the major legal systems in the world, with ... Read more...
115. Mansholt Plan A series of programs, originally articulated by European Economic Community Commissioner Sicco Mansholt in 1968, for the development and harmonization of European agriculture. The objects of the programs were to ensure farmers' levels of income comparable to their counterparts in industry, as re......
116. Market-Oriented Distribution Center A product distribution center located close to the point of consumption rather than the point of manufacture. For example, an American manufacturer of a product sold in Europe might supply European customers from a (market-oriented) distribution center in Rotterdam, rather than directly from the U.S......
117. Minimum Import Price As used in conjunction with the Common Agricultural Policy of the European Economic Community, Gate price (read this and related legal terms for further details).......
118. Money Any unit or instrument generally accepted as having value to effect the purchase of goods or services, or to settle debts. All money enjoys three characteristics: (1) it is a unit of account in which values can be measured; (2) it is a medium of exchange; and (3) it is a store of value (i.e., a [...]...
119. Money At Call Also known as call money, a demand deposit in a British bank.......
120. Money Of Account The currency unit used in a particular country to record governmental and private transactions. In the United States the money of account is the dollar; in Britain it is the pound sterling.......