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expatriate |
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Definition of expatriateexpatriatea parent company or third-country national assigned
Related Terms:Bank for International Settlements (BIS)An international bank headquartered in Basel, Switzerland, which Blue-chip companyLarge and creditworthy company. Company-specific riskRelated: Unsystematic risk Controlled foreign corporation (CFC)A foreign corporation whose voting stock is more than 50% owned Cost company arrangementArrangement whereby the shareholders of a project receive output free of Country betaCovariance of a national economy's rate of return and the rate of return the world economy Country financial riskThe ability of the national economy to generate enough foreign exchange to meet Country risk GeneralLevel of political and economic uncertainty in a country affecting the value of loans or Country selectionA type of active international management that measures the contribution to performance Depository Trust Company (DTC)DTC is a user-owned securities depository which accepts deposits of Domestic International Sales Corporation (DISC)A U.S. corporation that receives a tax incentive for Foreign banking marketThat portion of domestic bank loans supplied to foreigners for use abroad. Foreign bondA bond issued on the domestic capital market of anther company. Foreign bond marketThat portion of the domestic bond market that represents issues floated by foreign Foreign currencyforeign money. Foreign currency optionAn option that conveys the right to buy or sell a specified amount of foreign Foreign currency translationThe process of restating foreign currency accounts of subsidiaries into the Foreign direct investment (FDI)The acquisition abroad of physical assets such as plant and equipment, with Foreign equity marketThat portion of the domestic equity market that represents issues floated by foreign companies. Foreign exchangeCurrency from another country. Foreign exchange controlsVarious forms of controls imposed by a government on the purchase/sale of Foreign exchange dealerA firm or individual that buys foreign exchange from one party and then sells it to Foreign exchange riskThe risk that a long or short position in a foreign currency might have to be closed out Foreign exchange swapAn agreement to exchange stipulated amounts of one currency for another currency Foreign marketPart of a nation's internal market, representing the mechanisms for issuing and trading Foreign market betaA measure of foreign market risk that is derived from the capital asset pricing model. Foreign Sales Corporation (FSC)A special type of corporation created by the Tax Reform Act of 1984 that Foreign tax creditHome country credit against domestic income tax for foreign taxes paid on foreign Government National Mortgage Association (Ginnie Mae)A wholly owned U.S. government corporation Gross national product (GNP)Measures and economy's total income. It is equal to GDP plus the income Holding companyA corporation that owns enough voting stock in another firm to control management and Intercompany loanLoan made by one unit of a corporation to another unit of the same corporation. Intercompany transactionTransaction carried out between two units of the same corporation. International Bank for Reconstruction and Development - IBRD or World BankInternational Bank for Reconstruction and Development makes loans at nearly conventional terms to countries for projects of high International Banking Facility (IBF)International Banking Facility. A branch that an American bank International bondsA collective term that refers to global bonds, Eurobonds, and foreign bonds. International Depository Receipt (IDR)A receipt issued by a bank as evidence of ownership of one or more International diversificationThe attempt to reduce risk by investing in the more than one nation. By International finance subsidiaryA subsidiary incorporated in the U.S., usually in Delaware, whose sole International Fisher effectStates that the interest rate differential between two countries should be an International fundA mutual fund that can invest only outside the United States. International marketRelated: See external market. International Monetary FundAn organization founded in 1944 to oversee exchange arrangements of International Monetary Market (IMM)A division of the CME established in 1972 for trading financial Limitation on subsidiary borrowingA bond covenant that restricts in some way a firm's ability to borrow at London International Financial Futures Exchange (LIFFE)A London exchange where Eurodollar futures London International Financial Futures Exchange (LIFFE)London exchange where Eurodollar futures as well as futures-style options are traded. Multinational corporationA firm that operates in more than one country. National Futures Association (NFA)The futures industry self regulatory organization established in 1982. National marketRelated: internal market NationalizationA government takeover of a private company. Offshore finance subsidiaryA wholly owned affiliate incorporated overseas, usually in a tax haven country, SIMEX (Singapore International Monetary Exchange)A leading futures and options exchange in Singapore. Single country fundA mutual fund that invests in individual countries outside the United States. SubsidiaryA foreign-based affiliate that is a separately incorporated entity under the host country's law. Third marketExchange-listed securities trading in the OTC market. Subsidiary ledgerAn accounting record giving the detailed transactions in an account; the subtotals of the debits and credits are posted to the control account maintained in the general ledger. It helps to keep the general ledger free of clutter. Companyspecific RiskSee asset-specific risk Foreign Corrupt Practices Act (FCPA)a law passed by U.S. Congress in 1977 that makes it illegal for a U.S. company to engage in various “questionable” foreign payments and limited liability companyan organizational form that is a hybrid of the corporate and partnership organizational service companyan individual or firm engaged in a high or moderate degree of conversion that results in service output third-party logisticsoutsourcing of the moving and warehousing Parent companyA company that retains control over one or more other companies. Subsidiary accountAn account that is kept within a subsidiary ledger, which in turn Subsidiary companyA company that is controlled by another company through ownership company cost of capitalExpected rate of return demanded by investors in a company, determined by the average risk of the company’s assets and operations. international Fisher effectTheory that real interest rates in all countries should be equal, with differences in nominal rates reflecting differences in expected inflation. Foreign ExchangeThe currency of a foreign country. Foreign Exchange MarketA worldwide market in which one country's currency is bought or sold in exchange for another country's currency. Foreign Exchange ReservesA fund containing the central bank's holdings of foreign currency or claims thereon. Gross National ProductTotal output of final goods and services produced by a country's citizens during a year. International Monetary Fund (IMF)Organization originally established to manage the postwar fixed exchange rate system. International ReservesSee foreign exchange reserves. National DebtThe debt owed by the government as a result of earlier borrowing to finance budget deficits. That part of the debt not held by the central bank is the publically held national debt. National IncomeGDP with some adjustments to remove items that do not make it into anyone's hands as income, such as indirect taxes and depreciation. Loosely speaking, it is interpreted as being equal to GDP. National Income and Product AccountsThe national accounting system that records economic activity such as GDP and related measures. National OutputGDP. National SavingPrivate saving plus public saving. That part of national income which is not spent on consumption goods or government spending. Net National ProductGNP minus depreciation. Publicly Held National DebtSee national debt. Company AcquisitionsAssets acquired to create money. May include plant, machinery and equipment, shares of another company etc. Finance Companycompany engaged in making loans to individuals or businesses. Unlike a bank, it does not receive deposits from the public. Insurance CompanyA firm licensed to sell insurance to the public. Trust CompanyOrganization usually combined with a commercial bank, which is engaged as a trustee for individuals or businesses in the administration of Trust funds, estates, custodial arrangements, stock transfer and registration, and other related services. international fundA mutual fund that can invest in securities issued anywhere outside of Canada. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |