interest bearing deposit
61Contractum trinius — A contractum trinius was a set of contracts devised by European bankers and merchants in the Middle Ages as a method of circumventing canon law edicts prohibiting usury. At the time, most Christian nations heavily incorporated scripture into… …
62economic stabilizer — Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment… …
63Domestic liability dollarization — (DLD) refers to the denomination of banking system deposits and lending in a currency other than that of the country in which they are held. It is important to note that DLD does not refer exclusively to denomination in US dollars, as DLD… …
64money supply — monetary stock The quantity of money issued by a country s monetary authorities (usually the central bank). If the demand for money is stable, the widely accepted quantity theory of money implies that increases in the money supply will lead… …
65Consumer Protection Act. (CPA) South Africa — The Consumer Protection Act, No. 68 of 2008 was signed on 24 April 2009. It aims to: • Promote a fair, accessible and sustainable marketplace for consumer products and services; • Establish national norms and standards to ensure consumer… …
66United States Note — A United States Note (known popularly in its day as a greenback ) is a fiat paper currency that was issued directly into circulation by the United States Department of the Treasury. These bills of credit were also known as Legal Tender Notes… …
67Federal Reserve Act — Full title An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for… …
68Henry Calvert Simons — Infobox Economist school tradition = image caption = name = Henry Calvert Simmons birth = birth date|1899|10|9 death = death date and age|1946|6|19|1899|10|9 nationality = flag|United States field = Economics influences = Frank H. Knight opposed …
69Commercial Account — Any type of financial account that is owned and used by a business or corporation. Commerical account usually refers to a checking or other type of demand deposit account. Regulation Q of the Federal Reserve prohibits banks from paying interest… …
70income — money that is being earned by the business. Glossary of Business Terms * * * income in‧come [ˈɪŋkʌm, ˈɪn ] noun 1. [countable, uncountable] money that you earn from your job or that you receive from investments: • The family pays more than 50% of …
