LEGAL TENDER
Denomination of a country’s currency, recognized by law, that can be accepted as a financial obligation payment or a medium for commercial exchange. Usually, all denominations of the circulating paper money is a legal tender in every country. A creditor is mandated to accept legal tender as a debt payment. This can only be released by an authorized national body such as the US Treasury in the United States of America, and Royal Canadian Mint in Canada.
Also refers to as lawful money.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
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Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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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 |
