Economics & Finance | Françoise Clementi

currency basket

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The value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market value of another currency. It is

currency depreciation

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A decrease in the level of a currency in a floating exchange rate system due to market forces. (source: http://www.investopedia.com/terms/c/currency-depreciation.asp)

current account

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Form of transactional account that offers various flexible payment methods to allow customers to distribute money directly to others. Most current accounts come with a

current asset

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An asset listed on the balance sheet with less than a 12-month life, or that is readily convertible into cash to be used to satisfy

currency

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Any form of money that is in public circulation. Currency includes both hard money (coins) and soft money (paper money). (source: http://www.investorwords.com/1240/currency.html#ixzz2QiXJl4oZ)

creditor

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A person or company to whom money is owing. (source: wordreference)

creditors meeting

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Legal procedure whereby the creditors of a company which had declared bankruptcy consider the affairs of the bankrupt and how to recover the investment made.

criminal liability

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Responsibility for any illegal behaviour that causes harm or damage to someone or something. (source: http://dictionary.cambridge.org/dictionary/business-english/criminal-liability)

criteria for loan approval

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The indicators on which the financial institution will be based to approve a loan: employment history, income, credit history, assets, debts, and property.