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Dollar standard |
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Dollar standardAn international financial system in which the U.S. dollar is used by most countries as the primary reserve asset, in contrast to the gold standard in which gold played this role.Similar MatchesCAT standardCAT standardThese are a set of standards proposed by the government aimed at ensuring a certain level of standard amongst financial products such as mortgages and ISAs. Whilst they are a sign that a lender or provider is a reputable business and offers products that are of a certain quality, a CAT mark does nott ensure that a product is the most suitable one for you. Standard Industrial Classification (SIC)Standard Industrial Classification (SIC)A code system that designates a unique business activity classified by industry. Cat standardCat standardCat standards signify that a financial product meets certain standards on Charges, Access and Terms. The standards vary according to the product:Stocks and share ISAsNo initial or exit charge; minimum investment not more than £500 lump sum, or £50 per month; at least 50% invested in EU-quoted stocksCash ISAsNo charges; minimum transaction no greater than £10; withdrawals no later than seven days; no penalties; interest rate no lower than 2 per cent below basic bank rates; rises on the back of basic rate increases must occur within one monthInsurance ISAsMaximum charges of 3 per cent per year; premium no higher than £250 lump sum of £25 monthly; surrender values of at least asset value; after three years, surrender values must be no lower than total premiumsThe fact that a financial product offered by an institution has a CAT mark is not a guarantee of its performance or a recommendation by the government. It simply indicates that it satisfied the objective criteria.Equally the absence of a CAT mark does not mean it should be avoided. Some of the best-performing ISAs do not have CAT marks Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8. Standard & Poors SmallCap 600 IndexStandard & Poors SmallCap 600 IndexA small-capitalization benchmark index made up of 600 domestic stocks chosen for market size, liquidity, and industry group representation. Further SuggestionsGold standardLabor standard Robots Exclusion Standard Standard error Standard Standard Variable Rate Credit Standards Gold standard AIMR Performance Presentation Standards Implementation Committee Standard and Poor's 500 Index Labor standards argument for protection Standard deduction Standardized normal distribution International Standards Organization Statement of Financial Accounting Standards No 8 Standard & Poors MidCap 400 Index Gold exchange standard Standard and Poor's Composite Index (S&P 500) Standardized value Silver standard Standard variable rate Financial Accounting Standards Board (FASB) Labor standards argument for protection Standard payment calculation International Organization for Standardization |
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