Statistical Terms Glossary

These are the light hydrocarbons fraction of the paraffin series, derived from refinery processes, crude oil stabilisation plants and natural gas processing plants comprising propane and butane or a combination of the two. They are normally liquefied under pressure for transportation and storage.

Unrestricted cash and temporary investments readily convertible into cash, available for payment of current liabilities.

New investment authority for IFC adopted in July 1989, to make it more in line with the IBRD New Investment Authority, including the right to invest in a variety of negotiable and short-term instruments.

Liquids derived from biomass and used as fuels.

See Gas/liquids from biomass

See cash risk.

Urine from domestic animals, possibly including a small amount of excrement and/or water.

Ratios which reflect a borrower's ability to meet his short-term obligations. They include the acid-test ratio and the current ratio.

A LYON combines the features of a zero-coupon bond with those of a convertible bond. The zero-coupon bond pays no interest until it is redeemed at or before maturity; the difference between the issue price and the redemption price represents the accrued interest. In addition, the LYON bond may be converted by the holder into stock of the issuing corporation within a specified period and at a specified conversion price.

In terms of markets, liquidity generally refers to the ability to buy and sell assets quickly and in large volume without substantially affecting the asset’s price. In terms of instruments, liquidity generally refers to those assets that can be converted into cash quickly without a significant loss in value.

Portfolio of assets in the form of cash or near-cash instruments.

A notional premium paid by borrowers to lenders to encourage them to lend money at a fixed rate in the long term, when interest rates are likely to rise and it is, therefore, more profitable to invest in short-term paper.

The ratio of the actual level of liquidity to projected three year net cash requirements.

The risk that assets may not be readily available to meet a demand for cash. Because deposit-takers’ assets are typically of longer maturity than their liabilities, monitoring deposit-takers’ liquidity risk through FSIs, such as liquid assets to total assets and liquid assets to short-term liabilities, is important for financial soundness analysis.

Treaty, administered by WIPO, for the protection of geographical indications and their international registration.

An issue of a security accepted for trading on a stock exchange.

Are equity/shares that give voting rights to the holder and are listed on an official stock exchange.

The process of public quotation on a Stock Exchange of a share or bond.

It Refers to the persons who can read and write with understanding a short simple statement on his/her everyday life.

Total number of literate persons in a given age group, expressed as a percentage of the total population in that age group. The adult literacy rate measures literacy among persons aged 15 years and above, and the youth literacy rate measures literacy among persons aged 15 to 24 years.

A literate person is one who can, with understanding, both read and write a short, simple statement on his or her everyday life. An illiterate person is one who cannot write such a simple statement