25% RULE
1. Concept a local government’s long-term debt should not be more than 25% of its annual budget, and any debt beyond the limit is considered excessive and may pose a potential threat because the government may encounter difficulty in paying the debt.
2. Technique for determining royalties, stating a party selling a product based on another party’s intellectual property must pay 25% of the gross profit generated from the sale before taxes. The rule is applicable to copyrights, patents, trademarks, and other kinds of intellectual property.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
