Statistical Terms Glossary

Inventories of finished goods consist of goods that are ready for sale or shipment by the producer but which are still held by the producer.

Inventories of goods for resale consist of goods acquired by enterprises, such as wholesalers and retailers, for the purpose of reselling them without further processing (that is, not transformed other than by presenting them in ways that are attractive to the customer).

Inventories of materials and supplies are goods that their owners intend to use as intermediate inputs in their own production processes, not to resell.

Inventories of other work-in-progress consist of goods other than cultivated assets and services that have been partially processed, fabricated or assembled by the producer but that are not usually sold, shipped or turned over to others without further processing.

Inventories of work-in-progress consist of goods and services that are partially completed but that are not usually turned over to other units without further processing or that are not mature and whose production process will be continued in a subsequent period by the same producer.

Inventories of work-in-progress on cultivated assets consist of livestock raised for products yielded only on slaughter, such as fowl and fish raised commercially, trees and other vegetation yielding once-only products on destruction and immature cultivated assets yielding repeat products.

Floating rate note where interest is paid in inverse relationship to the benchmark interest rate, so that if the benchmark interest rate rises the interest on the inverse FRN will go down and vice versa.

See Leontief inverse table

Institution that accepts new issues of stocks from a corporation and attempts to sell them to the public at a profit. In the U.S., they have a separate legal status from commercial banks. The banques de trésorerie et d'arbritrage, a category recently created, are intended pecifically to deal with the changing situation in the financial markets.

Person who acts as intermediary between investors and the financial markets.

A non-voting share in France issued mainly by state-owned enterprises to attract investors without the firm being privatized.

Investment companies are a type of financial intermediary, which obtains money from investors and uses that money to purchase financial assets. In return, the investors receive shares in the investment company, and thus indirectly own a proportion of the financial assets that the company itself owns. (Investments, W.F. Sharpe/G.J. Alexander)

Company that uses its capital to invest in other companies. The two kinds are open-end investment company and closed-end Investment company, the former being by far the most frequent. In France the société d'investissement à capital variable (SICAV) and fonds communs de placement (FCP) are the most common. The OPCVM are the investment companies in France. They were liberalized by a law of December 23, 1988, which came into effect October 1,1989.

Capital expenditure to purchase aircrafts or to upgrade existing ones.

Capital expenditure on new construction (including new airport) or extension of existing airport infrastructure, including reconstruction, renewal (major substitutions on the existing infrastructure which do not change its overall performance) and upgrades (major modifications improving the original performance or capacity of the infrastructure).

Expenditure on new construction and extension of existing infrastructure, including reconstruction, renewal and major repairs of infrastructure.

Expenditure on new construction and extension of existing infrastructure, including reconstruction, renewal and major repairs.

Expenditure on new construction, extension of existing infrastructure, including reconstruction, renewal and major repairs.

Expenditure on new construction and extension of existing infrastructure, including reconstruction, renewal and major repairs of infrastructure.
Infrastructure includes land, permanent way constructions, buildings, bridges and tunnels, as well as immovable fixtures, fittings and installations connected with them (signalling, telecommunications, catenaries, electricity sub-stations, etc.) as opposed to rolling stock.

Capital expenditure on new inland waterways infrastructure or extension of existing inland waterways, including reconstruction, renewal (major substitution work on the existing infrastructure which does not change its overall performance) and upgrades (major modification work improving the original performance or capacity of the infrastructure) renewal and upgrades or major repairs (repairs improving the original performance or capacity of the infrastructure).

Capital expenditure to purchase IWT vessels or to upgrade existing ones.

Capital expenditure on new pipeline infrastructure or extension of existing pipeline, including reconstruction, renewal (major substitutions on the existing infrastructure which do not change its overall performance) and upgrades (major modifications improving the original performance or capacity of the infrastructure).

Capital expenditure on new construction (including new maritime ports) or extension of existing maritime port, including reconstruction, renewal (major substitutions on the existing infrastructure which does not change its overall performance) and upgrades (major modifications improving the original performance or capacity of the infrastructure).

Capital expenditure on new railway infrastructure or extension of existing railways, including reconstruction, renewal (major substitutions on the existing infrastructure which do not change its overall performance) and upgrades (major modifications improving the original performance or capacity of the infrastructure).

Expenditure on purchase of road vehicles.

Expenditure on new construction and extension of existing roads, including reconstruction, renewal and major repairs.

Capital expenditure on new road infrastructure or extension of existing roads, including reconstruction, renewal (major substitutions on the existing infrastructure which do not change its overall performance) and upgrades (major modifications improving the original performance or capacity of the infrastructure).