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Banknote

A banknote is a paper by which a bank promises to pay to the bearer on demand. Together with coins, banknotes make up the cash forms of all modern money. Coins are generally used for lower valued monetary units, and banknotes for higher values. O ...

Cryptocurrency

A cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same methods as cryptography. Digital signatures can be used to keep the transactions secure, and let other people check that the t ...

Denomination (currency)

When dealing with money, denomination is the value of the individual currency. For example a one dollar bill, a 100 dollar bill, a penny and a quarter are all different denominations of money. A one dollar bill and a one dollar coin are the same ...

Dollar

A dollar is a type of currency. Many countries have named their money the dollar, so it is important to say which dollar is being talked about. The symbol for the dollar is a capital letter S, pierced by one or two vertical lines: $.

Gold coin

A gold coin is a coin made entirely of gold. Gold has been used since the invention of coins. It is used because gold is an easy metal to use, and because gold is very valuable. So, a person could have a small quantity of gold coins but still buy ...

Legal tender

Legal tender is fiat money, or currency. It has value because a government creates it and backs it, and people using it have faith in its value. Fiat money such as US dollars can be used as an exchange for goods and services. The point is that ot ...

Penny

A penny is a coin used by several countries where people speak English. This includes United Kingdom, the United States, where a penny is worth one cent, and Canada, where "penny" is an informal term for one cent coins. Canada stopped minting the ...

Peso

The peso is the monetary unit of some Spanish-speaking countries. They were once Spanish colonies. They include Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, and Uruguay. The word means weight in Spanish, or more loos ...

Polymer banknote

Polymer banknotes were created by the Reserve Bank of Australia, CSIRO and the University of Melbourne and were first used as money in Australia in 1988. These banknotes are made from polymer which makes them last longer without getting ripped or ...

Russian ruble

The Russian ruble or rouble is the currency of Russia. It is also used in two partially recognized countries, Abkhazia and South Ossetia. It is also used in the unrecognised republics of Donetsk and Luhansk. One ruble is subdivided into 100 kopek ...

Shilling

The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was said to be the value of a cow in Kent o ...

Finance

Finance is a study which figures out how people, businesses and groups make and use money. It can mean: As a verb, "to finance" is to provide money for business. Thinking about how to control money to make profit. Thinking about money. Studying h ...

Bond (finance)

A bond is a contract between two companies. Companies or governments issue bonds because they need to borrow large amounts of money. They issue bonds and investors buy them thereby giving the people who issued the bond money. Bonds have a maturit ...

Bond market

The bond market is a financial market where people buy and sell debt securities, usually in the form of bonds. In 2006 the size of the international bond market was about trillion. The size of the outstanding U.S. bond market debt was.2 trillion.

Derivative (finance)

In finance, a derivative is a special type of contract. In it, the two parties agree to sell certain goods, at a given price, on a given date. Derivatives can be used in two ways. The first is called speculation: One party hopes that the market p ...

Factoring (finance)

Factoring is selling rights to the future payments. People and companies that are receiving money from contracts every some time may be in need of extra money - so they sell rights to receive those payments for cash hence Factoring. This is done ...

Financial Services Authority

The Financial Services Authority is a group who regulate banks and other financial companies in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK go ...

Financial Stability Board

The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum. The Bo ...

Futures contract

A futures contract is an agreement between two parties. The buyer pays the seller today for the promise of the commodity at a future date. Futures contracts are traded in futures exchanges. The commodities can be things such as livestock, agricul ...

Individual retirement account

An individual retirement account or IRA is a form of "individual retirement plan". It is simply a savings account with large tax advantages. An IRA is not itself an investment. It is where an investor keeps assets such as stocks, bonds and mutual ...

Microcredit

A microcredit is a special kind of loan given to poor business people, mostly in developing countries. Microcredits were created to support entrepreneurship, and to lessen poverty. Very often, people getting a microcredit are illiterate: they can ...

Microfinance

Microfinance is the idea to provide services banks and insurance companies provide to those people who usually are not served by such businesses. It is an important form of development aid. Serving these people is usually very expensive for banks ...

Mutual fund

A mutual fund is a kind of investment that uses money from investors to invest in stocks, bonds or other types of investment. A fund manager decides how to invest the money, and for this he is paid a fee, which comes from the money in the fund. M ...

Options Clearing Corporation

Options Clearing Corporation is a United States clearing house based in Chicago. Clearing houses are used to help traders, and they make sure each trade is correctly made, or "cleared". The OCC does this "clearing" with stocks, stock options, and ...

Separately managed account

A Separately Managed Account or SMA is a type of financial investment account popular with some individual investors. SMAs are offered by financial consultants and brokerage firms, and managed by independent "money managers." A money manager is s ...

Speculation

Speculation has a special meaning when talking about money. The person who speculates is called a speculator. A speculator does not buy goods to own them, but to sell them later. The reason is that he wants to make a profit from the change in pri ...

Stock

In financial markets, stock is the capital that a firm gets by giving out and distributing shares. A person or organization which holds shares of stocks is called a shareholder. The whole value of the stocks that a firm has issued is called its m ...

Structured settlement

A Structured settlement is an insurance or financial arrangement that is negotiated to end a lawsuit. It is a legal agreement through which an insurance company agrees to make regular payments to a specific individual over a period of time. Struc ...

Yield

In economics, the yield is how much money somebody is paid each year for leaving his or her money invested somewhere. Unlike a corporate dividend, a yield is fairly certain, unless there is a bankruptcy. This means that somebody usually knows how ...

Zong (mobile payments)

Zong was a mobile payment company that allowed users to make payments of small amount of money on the internet through postpaid mobile phones. These payments were charged in mobile phone bills by the mobile operator. The company was bought by eBa ...

Gift

A gift or a present is something which is given to someone. People give gifts voluntarily and do not expect anything in return. A gift is usually something that family or friends give to each other on special occasions like a birthday or holiday. ...

Least developed country

A least developed country is a country that the United Nations considers to be the least developed out of all the countries in the world. They normally have the lowest ratings on the Human Development Index. The idea to name LDCs started in the l ...

Afghanistan

Afghanistan, also pronounced / ævˈɡænᵻstæn, ævˈɡɑːnᵻstɑːn, Pashto / Dari: افغانستان, Pashto: Afgānistān), officially the Islamic Republic of Afghanistan, is a country located in Central Asia and South Asia. It has borders with Pakistan in the sou ...

Angola

Angola, officially the Republic of Angola, is a country in southern Africa. It shares borders with Namibia in the south, the Democratic Republic of the Congo in the north, and Zambia in the east. Its west border touches the Atlantic Ocean. Its co ...

Bangladesh

Bangladesh is a country in South Asia. It is next to the North-east Indian provincial regions of India, which converges with Southeast Asia to the east. Its full name is The Peoples Republic of Bangladesh. The capital and the largest city is Dhak ...

Benin

Benin is a country in Africa. The capital of Benin is Porto-Novo. The government is based in Cotonou, the countrys largest city. Most people live on the small southern coastline on the Bight of Benin. Because Benin was colonized by France and is ...

Burkina Faso

Burkina Faso is a country in West Africa. It used to be called Upper Volta and the name was changed to Burkina Faso in 1984. The country was once ruled by France, but it has been independent since 1960. The capital is Ouagadougou. In 2005, about ...

Central African Republic

The Central African Republic, is a landlocked country in Central Africa. It is mostly a plateau or high, flat piece of land about 941 metres above the sea. The CAR covers a land area of about 620.000 square kilometres, and has an estimated popula ...

Chad

Chad, is a landlocked country in Central Africa. The capital is NDjamena. It was a French colony until 1960. It suffers from poverty, illness, drought, and armed conflicts. In 2011, the population of Chad was 11.525.000. Arabic and French are the ...

Democratic Republic of the Congo

The Democratic Republic of the Congo, commonly referred to as DR Congo, Congo-Kinshasa or the DRC, is a country in central Africa. It was known as Zaïre from 1971 to 1997. It is the second largest country in Africa by area and the eleventh larges ...

Eritrea

Eritrea is located on the coast of the Red Sea. It is north of the Bab-el-Mandeb and the Horn of Africa. Eritrea has borders with the countries of Sudan, Ethiopia, and Djibouti. The land area of Eritrea is 101.000 km², and it is one of the smalle ...

Ethiopia

Ethiopia is a country in the Horn of Africa. It has one of the longest and most well known histories as a country in Africa and the world. Ethiopia was one of the few countries in Africa that escaped the Scramble for Africa. It avoided being colo ...

Kiribati

Kiribati is an island country located on the Pacific Ocean. It has 33 atolls, groups of tiny islands. The country is near the equator. Its capital is South Tarawa, on the Tarawa atoll. Kiribati used to be called the Gilbert Islands. In 1892, the ...

Laos

Lao Peoples Democratic Republic or Laos, is a country in southeast Asia. The capital of Laos is Vientiane. Laos is landlocked it does not have a coast on a sea or ocean. It is bordered by Myanmar used to be known in English as "Burma" and by Chin ...

Liberia

The Republic of Liberia is a small country on the coast of West Africa. It has common borders with Sierra Leone, Guinea, and Ivory Coast. The country has a size of about 520 kilometres by 270 kilometres. As of 2021, there are about 5.000.000 peop ...

Malawi

Malawi is a country in south-east Africa. It has borders with the countries of Tanzania, Zambia, and Mozambique. The capital of Malawi is Lilongwe and the spoken languages are English and Chichewa. The official language of Malawi is English. The ...

Mali

Mali is a landlocked country in West Africa. Mali is bordered by Algeria on the north, Niger on the east, Burkina Faso and the Cote dIvoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Physical features of Mali ...

Mozambique

Mozambique, officially the Republic of Mozambique, is a country in southeastern Africa. Its capital is Maputo. There are about 31 million people. In 1975, Mozambique became independent from Portugal. The country was named Moçambique by the Portug ...

Rwanda

Rwanda is a country in Africa. It is near Burundi, Congo-Kinshasa, Uganda, and Tanzania. In the Rwandan genocide of 1994, over one million people were killed.

Senegal

The Republic of Senegal is a country in West Africa. The capital is Dakar. Senegal covers a land area of almost 197.000 square kilometres. It has population of about 13 million. The climate is tropical with two seasons: the dry season and the rai ...

Encyclopedic dictionary

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Pino - logical board game which is based on tactics and strategy. In general this is a remix of chess, checkers and corners. The game develops imagination, concentration, teaches how to solve tasks, plan their own actions and of course to think logically. It does not matter how much pieces you have, the main thing is how they are placement!

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