Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Salary scale
A table showing the prescribed salary for each grade or job level, including allowances and incentives, if any.
Maturity Year
Employee's monthly salary slip is paid, every year according to Gregorian calendar, in which the entitlement, deductions and monthly allowances are shown.
High-Risk Bonds
A bond with a high risk of default and a low credit rating, often offering high returns to compensate for the risk.
Service Capacity
It is the maximum total number of transactions or operations that a call center can process during a given period of time.
Exchange Rate
The value of one currency in terms of another (e.g., 1 USD = 0.92 EUR). It fluctuates due to market forces, government policies, and economic conditions.
Floating Interest Rate
A loan or investment rate that adjusts based on market conditions.
Circular Supply Chain
A supply chain model focused on sustainability through recycling and resource efficiency.
Municipal Bond
A debt security issued by a state, municipality, or local government to fund public projects. Credit ratings for municipal bonds assess the issuer's ability to make interest and principal payments.
Floating Rate Note (FRN)
A debt security with an interest rate that fluctuates based on a specific reference rate or benchmark, offering periodic interest payments that vary with market conditions.
Share
Share of any company wherever incorporated. The definition of “share” includes every instrument having the characteristics of equity.
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