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Category: Business

14 Terms

Created by: dnatalia

Number of Blossarys: 60

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1. In the balance of payments, or in any category of international transactions within it, the deficit is the sum of debits minus the sum of credits, or the negative of the surplus. 2. In the ...

Domain: Economy; Category: International economics Collected Term

Cancelling or rescheduling a borrower’s debts to lessen the pain of the debt burden. Debt forgiveness is increasingly viewed as the best way to relieve the financial problems facing poorer countries. ...

Domain: Economy; Category: Economics Collected Term

Court ordered or mutual agreement, between a financially troubled firm and its creditors, to reorganize its liabilities as a more feasible alternative to foreclosure or liquidation. Debt ...

Domain: Accounting; Category: General accounting Collected Term

“Neither a borrower nor a lender be,” wrote Shakespeare in “Hamlet”. Actually, the availability of debt, and the willingness to take it on, is a crucial ingredient of economic growth, because it ...

Domain: Economy; Category: Economics Collected Term

1. Total of all incomes in an economy, without taking inflation and taxes into account. 2. Combined income of a husband and wife who file joint tax returns.

Domain: Accounting; Category: Auditing Collected Term

1. A fall in the value of a country's currency on the exchange market, relative either to a particular other currency or to a weighted average of other currencies. The currency is said to depreciate. ...

Domain: Economy; Category: International economics Collected Term

Another of the concepts introduced by John Maynard Keynes that still today are used in macroeconomic theories about the determination of the overall level of employment and national income. Like his ...

Domain: Economy; Category: Economics Collected Term

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