Statistical Terms Glossary

At the tertiary level, an individual is considered full-time if he/she is taking a course- load/educational programme considered to require at least 75 per cent of a full-time commitment of time and resources. Additionally, it is expected that the student remains in the programme for the entire year

An irrigation system or network on a farm, whereby the water requirements of the plants are met automatically. It makes use of devices which measure soil moisture (e.g. tensiometer), or other indicators of irrigation need (e.g. time elapsed since rainfall), and trigger a series of operations to convey the necessary water through the network at the proper time.

See Direct investment enterprise

Term used to qualify a stock which is probably neither being overexploited nor underexploited and is producing, on average, close to its Maximum Sustainable Yield.

The fishery is operating at or close to an optimal yield level, expected room for further expansion.

Are designed to classify certain transactions of producers and of three institutional sectors, namely household, general government and non-profit institutions serving households.

The tasks that a computer, software program, or piece of electronic equipment is able to do

A person is functionally illiterate who cannot engage in all those activities in which literacy is required for effective functioning of his group and community and also for enabling him to continue to use reading, writing and calculation for his own and the community’s development

An umbrella term in the International Classification of Functioning for body functions, body structures, activities, and participation. It denotes the positive aspects of the interaction between an individual (with a health condition) and that individual’s contextual factors (environmental and personal factors).

To provide the money to pay for an event, activity, or organization.

An individual who is either an active (working or contributing, and hence actively accumulating assets) or passive (retired, and hence receiving benefits), or deferred (holding deferred benefits) participant in a pension plan.

The fundamental principles and rights at work are derived from the ILO Constitution and the Declaration of Philadelphia. The fundamental principles and rights are laid down in eight fundamental Conventions, which means that the member States that ratify them thereby commit themselves to putting their provisions into effect in both law and practice:
(a) Freedom of association and the right to collective bargaining: Freedom of Association and Protection of the Right to Organize Convention, 1948 (No. 87) and Right to Organize and Collective Bargaining Convention, 1949 (No. 98);
(b) Elimination of forced or compulsory labour: Forced Labour Convention, 1930 (No. 29) and Abolition of Forced Labour Convention, 1957 (No. 105);
(c) Abolition of child labour: Minimum Age Convention, 1973 (No. 138) and Worst Forms of Child Labour Convention, 1999 (No. 182); and
(d) Elimination of discrimination in respect of employment and occupation: Equal Remuneration Convention, 1951 (No. 100) and Discrimination (Employment and Occupation) Convention, 1958 (No. 111).

The debt of a business or government in the form of outstanding bonds and other long-term notes.

Occupational or personal pension plans that accumulate dedicated assets to cover the plan's liabilities.

The act of accumulating assets in order to finance the pension plan.

Type of IBRD "B" loan, whereby IBRD would take an initial share of the loan up to about 25 percent, concentrated in the latter maturities.

The relative value of a scheme’s assets and liabilities, usually expressed as a percentage figure.

The timing of payments of contributions with the aim of meeting the cost of a given set of benefits under a defined benefit scheme.
Possible objectives of a funding plan might be that, if the actuarial assumptions are borne out:
a) a specified funding level should be reached by a given date;
b) the level of contributions should remain constant, or should after a planned period be the standard contribution rate required by the valuation method used in the actuarial valuation.

Type of IBRD "B" loan, whereby IBRD takes a pro rata share of about 10 percent in each maturity of the commercial loan.

See Contribution rate

The funding level expressed as a fraction.

Regulation that requires the maintenance of a certain level of assets in a pension fund in relation to pension plan liabilities.

The flow of purchasing power into and out of an organization. Inward flows include sales revenue sales of fixed assets and investments, and issues of debentures, loans, and shares. Outward flows include purchases of fixed assets and investments, repayment of debt, payment of dividends, and taxation on profits.

See statement of changes in financial position.