Economics & Finance | Françoise Clementi

latifundium

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A great landed estate with primitive agriculture and labor often in a state of partial servitude.(source: merriam-webster.com )

leader

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A person who rules, guides, or inspires others.(source: http://www.wordreference.com/definition/leader) A product leader is the best-selling brand.

label

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A piece of paper, polymer, cloth, metal, or other material affixed to a container or article, on which is printed a legend, information concerning the

K (capital)

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In economic models, K is commonly used to represent «capital.» This is presumably due to the fact that German for capital is kapital, and also

junk-bonds

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Wall Street term for bonds listed as below investment grade (rated BB or lower) by the bond rating agencies because of its high default risk.(read

International Accounting Standards Board [IASB]

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The International Accounting Standards Board (IASB) is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRSs). The IASB operates under the

inflation

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Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole.(source: economics.about.com )

indexation

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The automatic adjustment of an economic variable, such as wages, taxes, or pension benefits, to a cost-of-living index, so that the variable rises or falls