|
|
Accord |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
AccordAn agreement by which one accepts something different (usually less) from what is owed as full satisfaction The amount owed may be in dispute or simply accepted as full satisfaction by the creditor or claimant. The agreement and acceptance is called "Accord and Satisfaction."Accord Similar MatchesPlaza AccordPlaza AccordAn agreement reached in 1985 among the central banks of France, Germany, Japan, US, and UK to bring down the value of the U.S. dollar, which had appreciated substantially since 1980. By the time of the Louvre Accord, two years later, the dollar had fallen 30%. Louvre AccordLouvre Accord1987 agreement between countries to attempt to stabilize the value of the US dollar. Basel AccordBasel AccordAgreement concluded among country representatives in 1988 in Switzerland to develop standardized risk-based capital requirements for banks across countries. Louvre AccordLouvre AccordAn agreement reached in 1987 among the central banks of France, Germany, Japan, US, and UK to stop the decline in the value of the US dollar that they had initiated at the Plaza Accord. Plaza AccordPlaza AccordAgreement among country representatives in 1985 to implement a coordinated program to weaken the dollar. |
|
|
|