Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Productivity Growth
The increase in productivity over time, often linked to technological advancements.
Prototype
A prototype is an early sample, release of a product built to test a concept or process or to act as a thing to be replicated or learned from. A prototype is used to visualize and test the functionality of a new product, feature, or system before it is fully developed.
Capital Migration
The rapid movement of financial assets from a country due to economic or political instability.
Legal Obligation
A duty derived from: a contract (through its express or implied terms); legislation; or other operation of regulations.
Proposal Document
Documents submitted by the bidder to the Contracting Authority in response to an RFP for a PSP Project.
Main Sheet
A comprehensive and consolidated document or spreadsheet used to compile and organize various financial or operational data.
Enhanced Security
A contingent liability security; or a vehicle which provides a return (or purports to provide a return) by gearing, whether by borrowing or by investing in contractually based securities.
Uninsured Deposit
A bank deposit that is not protected by government insurance in case of bank failure.
Traded Security
Marketable investments that can be easily bought and sold in Exchange.
Tariff Description
Description of an article or product in accordance with the terminology used in the tariff nomenclature.
Tax Agent
A person appointed by a resident taxable person to act on behalf of that taxable person and carry out activities that create legal obligations for the appointing party by virtue of the authorization.
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