Special Drawing Right


 

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Special Drawing Right

Originally intended within the IMF as a sort of international money for use among central banks pegging their exchange rates, the SDR is a transferable right to acquire another country's currency. Defined in terms of a basket of currencies, today it plays the role in that form of a unit of international account.



Similar Matches

Special dividend

Special dividend

Also referred to as an extra dividend. Dividend that is unlikely to be repeated.


Special assessment bond

Special assessment bond

A municipal bond with interest paid by the taxes of the community benefiting from the bond-funded project.


Specialist

Specialist

A member of a stock exchange who provides an orderly market in one or more securities. A specialist executes limit orders and buys and sells securities when abnormal fluctuations occur to maintain stability.


Tax Exempt Special Savings Account

Tax Exempt Special Savings Account

A five year tax free savings scheme for people aged 18 and over, introduced by the government in January 1991 and operated by banks and building societies, but terminated in 1999.The maximum amount which could be paid into such schemes over the five year life of the TESSA was £9,000 according to the following schedule:1st year, £3,0002nd year, £1,8003rd year, £1,8004th year, £1,8005th year £600TESSAs were discontinued on 5th April 1999 although those taken out before then are allowed to run their full five year term. If you own a TESSA, you can do three things with it when it matures:You can withdraw the interest and capital free of tax, and either spend it or invest it elsewhere.You can move the capital into a 'Matured TESSA Account'. The interest earned in the account after the maturity date will be taxable.You can move the capital (but not the income) into an ISA account where it can continue to grow tax free. It can either be paid into a special Tessa-only ISA account (a TOISA) or it can be paid into a cash only mini ISA. The move has to be made within 6 months of the maturity of the TESSA.


Pattern of specialization

Pattern of specialization

Which goods a country produces and which it does not produce.


Further Suggestions

Special and differential treatment
Intra-product specialization
Special and Common Cause System of Variation
Special bond account
Saturday night special
Vertical specialization
Specialist unit
Specialization
specialised mutual fund
Special economic zone
Special Drawing Rights (SDR)
Complete specialization
Special entry procedure
Symbol book special
Specialists short sale ratio
Special Cause Variation
Specialist block purchase and sale
Incomplete specialization
Specialist market
Special arbitrage account
special bonus
Special Meeting


 
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