Tag: africa

Krugerrand Gold Coin

Krugerrand Gold Coin What is 'Krugerrand Gold Coin' A gold coin minted by the Republic of South Africa. Krugerrand gold coins contain...

National Fund For Hydrocarbon Reserves (Mauritania)

National Fund For Hydrocarbon Reserves (Mauritania) What is 'National Fund For Hydrocarbon Reserves (Mauritania)' A sovereign wealth fund administered by the Banque...

Odious Debt

DefinitionIn international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic...

Quantitative Easing

DefinitionQuantitative easing, also known as large-scale asset purchases, is an expansionary monetary policy whereby a central bank buys predetermined amounts of government bonds or...

General Manager

DefinitionA General Manager is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known...

Life Insurance

DefinitionLife insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary...

Johannesburg Interbank Agreed Rate (JIBAR)

Johannesburg Interbank Agreed Rate (JIBAR) What is 'Johannesburg Interbank Agreed Rate - JIBAR' The money market rate that is used by South...

Lakshmi Mittal

DefinitionLakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world's largest...

Landlocked

DefinitionA landlocked state or landlocked country is a sovereign state entirely enclosed by land, or whose only coastlines lie on closed seas. There are...

Economic Integration

DefinitionEconomic integration is the unification of economic policies between different states through the partial or full abolition of tariff and non-tariff restrictions on trade...

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