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Special Drawing Right |
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Special Drawing RightOriginally 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 MatchesSpecial dividendSpecial dividendAlso referred to as an extra dividend. Dividend that is unlikely to be repeated. Special assessment bondSpecial assessment bondA municipal bond with interest paid by the taxes of the community benefiting from the bond-funded project. SpecialistSpecialistA 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 AccountTax Exempt Special Savings AccountA 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 specializationPattern of specializationWhich goods a country produces and which it does not produce. Further SuggestionsSpecial and differential treatmentIntra-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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