The currency abbreviation for the Slovak koruna (SKK), the currency for Slovakia from February 8, 1993, to January 1, 2009. The koruna is made up of 100 halierov and is often presented with the symbol Sk. Also known as the "crown". |||When the Czechoslovak Federation split in two in 1993 to form two new countries, the Czechoslovak koruna also split, introducing two new currencies: the Czech koruna and the Slovak koruna.On May 1, 2004, Slovakia was accepted as a member of the European Union, and the progression toward the conversion to the euro started. Almost immediately, it was possible to pay with euros in many shops in Slovakia. However, in many cases a purchase using euros resulted in a less favorable exchange rate, and change was paid in Slovak korunas. It is to be completed January 1, 2009.
The European Community is one of the three pillars of the European Union (EU). The pillars represent the three different areas of cooperation within the union. The European Community is the first pillar and represents supranational cooperation. The policies within this area allow the EU to issue legislation that directly binds its citizens. |||The second pillar represents foreign and security policy, and the third represents cooperation between EU governments regarding issues related to police, judicial and criminal matters.
The Golden Rule, as it pertains to government spending, stipulates that a government will borrow to invest, not to finance existing spending. In other words, the government should borrow money only to fund investments that will benefit future generations, and current spending must be covered by existing taxes. The term originates from ancient writings, including the New Testament, the Talmud and the Koran. Each has a story that teaches the Golden Rule: do unto others as you would have them do unto you. In fiscal policy, the Golden Rule seeks to protect future generations from debt by limiting borrowed money to investments, and not to indebt future generations for the benefit of current generations.
A government-issued document that allows noncitizens to enter a foreign country temporarily for business purposes. A country may issue commercial visas for different types of business visits. The United States, for example, issues B-1 visas to professional athletes, investors, business-event attendees, lecturers and speakers, researchers, salespeople, commercial and industrial service engineers, and training-program participants. Individuals wishing to visit a country on a commercial visa must meet certain requirements related to the purpose of their visit, the earning of income and their length of stay. In addition to visa requirements, travelers should be aware of passport, immunization and other requirements to enter the country they intend to visit. In getting approved for a commercial visa, it may also be necessary or helpful to obtain a letter from the foreign company inviting the individual abroad. Individuals who earn income in a foreign country while traveling on a commercial visa should be aware that they may generate a tax liability to the government of the country they are visiting.
A trust company, bank or similar financial institution responsible for holding and safeguarding the securities owned within a mutual fund. A mutual fund's custodian may also act as the mutual fund's transfer agent, maintaining records of shareholder transactions and balances.Also referred to as a "mutual fund corporation". Watch: Mutual Funds Since a mutual fund is essentially a large pool of funds from many different investors, it requires a third-party custodian to hold and safeguard the securities that are mutually owned by all the fund's investors. This structure mitigates the risk of dishonest activity by separating the fund managers from the physical securities and investor records.
Lucrative benefits given to top executives in the event that a company is taken over by another firm, resulting in the loss of their job. Benefits include items such as stock options, bonuses, severance pay, etc. A golden parachute can be used as a measure to discourage an unwanted takeover attempt.
An independent research institution that strives to spread information pertaining to European markets. The ECMI's main goals are to instigate discussions and debates on the subject of the European markets and to be a major contributor in the discussions on behalf of the research conducted at the Institute. The ECMI is managed by the Centre For European Policy Studies. |||Some of the topics covered during the debates are efficiency, stability, liquidity, integrity, competitiveness and transformation. The ECMI is able to help the discussions along through newsletters, annual reports, statistics, commentary, policy briefs and research reports.
In currencies, this is the abbreviation for the Slovenian Tolar. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
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