- Industry: Financial services
- Number of terms: 25840
- Number of blossaries: 0
- Company Profile:
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking services to private, corporate, and institutional clients worldwide.
Assets acquired by a company that are not intended for immediate consumption, e.g. land, machinery, tools, equipment, furniture, etc. Also includes certain immaterial values (patents, licenses, processes) and permanent participations. Opposite: current assets.
Industry:Banking
Dismantling or abolition of state intervention in economic matters with the purpose of reducing the influence of the state in the economy, abolishing bureaucratic obstacles and legal regulations.
Industry:Banking
An internationally accepted form of payment, permitting the cashless purchase of goods and services upon production and signature. Bills are issued monthly. Credit cards can be used at companies (shops, hotels, restaurants, transport companies, etc.) which have joined the appropriate credit card associations. Cash can also be withdrawn from ATMs using a PIN. Credit card companies include MasterCard, VISA, Diners Club and American Express.
Industry:Banking
Investment fund whose assets are placed in buildings and/or vacant land, the overriding principle being to spread risks geographically and to invest in a number of diverse properties.
Industry:Banking
Legally defined procedures to be followed when compiling company accounts and consolidated accounts. In Switzerland, banks comply with the standards laid down in article 6 of the Swiss Federal Law on Banks and Savings Banks and articles 23-27 of the Banking Ordinance on banks' annual and interim reporting. They also follow the guidelines laid down by the Swiss Federal Banking Commission.
Industry:Banking
Procurement of the short- to long-term financial resources needed by the enterprise. Consulting and support given to companies in the field of corporate finance is an important area of banking, esp. for big banks.
Industry:Banking
Right of a person to whom a cheque, bill of exchange, promissory note or other negotiable instrument has been endorsed to recover payment from the endorser if the original borrower defaults.
Industry:Banking
