Statistical Terms Glossary

CDOs are bonds whose income payments and principal repayments are dependent on a pool of instruments. Typically, a CDO is backed by a diversified pool of loan and bond instruments either purchased in the secondary market or from the balance sheet of a commercial bank.

In a securitization or debt-equity swap operation, an issue of securities by an industrialized country to back the issue of securities by the developing country.

In a securitization or debt-equity swap, a bond backed by an issue of securities in an industrialized country.

Extinguishing debt through the provision of a financial asset (e.g. zero coupon bond) to be held in a trust account as collateral against the principal of the debt. The face value and maturity of the collateral instruments are designed to match those of the debt being defeased so that the proceeds of the collateral instruments at maturity may be used to fully repay the principal in a single balloon payment.

The formal name given to the recent (January 1988) Mexican debt-equity swap, whereby zero coupon 20 year bonds, backed by the U.S. Treasury, were exchanged for Mexican debt.

Mortgage-backed bond that separates mortgage pools into short-, medium- and long-term portions. Investors can choose to buy into whatever pool they wish, depending on whether they want a faster return or long-term gains.

CMOs are debt obligations of an entity established by a financial institution or other sponsor.

A hard impenetrable surface such as a roof or a concrete slab onto which rainwater falls.

The percentage of due and outstanding loans that have been collected.

A written agreement concluded between one or more employers or an employers' organisation on the one hand, and one or more workers' organisations of any kind on the other, with a view to determining the conditions of individual employment and, in certain cases, to the regulation of other questions relative to employment.

Is a process of decision-making between parties representing employer and employee interests which implies the “negotiation and continuous application of an agreed set of rules to govern the substantive and procedural terms of the employment relationship ….”.

Is an indicator of the extent to which the terms of workers’ employment are influenced by collective negotiation. It is the coverage rate, i.e. the number of employees covered by the collective agreement, divided by the total number of wage and salary-earners.

Goods and services that are consumed simultaneously by a group of consumers or by the community as a whole: for example, defence services provided by the state.

A collective consumption service is a service provided by general government simultaneously to all members of the community or to all members of a particular section of the community, such as all households living in a particular region.

A farm or a group of farms organized as a unit and managed and worked cooperatively by a group of laborers under state supervision, especially in a communist country.

It refers to the place constructed for the residence of a group of individuals, who live therein and benefit from the services it provides. The collective household; it may be comprised of one building or more or one housing unit or more. Examples of collective households include hotels, hostels, elderly and orphans homes, psycho-therapy clinics and hospitals, collective households for university students, collective living quarters (camps) at the passages, and housing units of priests and nuns in the monasteries and churches (who do not have other households).

Collective living quarters include structurally separate and independent places of abode intended for habitation by large groups of individuals or several households and occupied at the time of the census [or survey]. Such quarters usually have certain common facilities, such as cooking and toilet installations, baths, lounge rooms or dormitories, which are shared by the occupants.

Services provided by general government that benefit the community as a whole.

A watertight bulkhead up to the working deck in the fore part of the vessel as approved by the competent authority.

Front to front or front to end impacts between two trains or a (side) impact between one train and part of another train not clear of the loading gauge, or a train impacting with: (a)Shunting movements; (b) Fixed objects such as buff er stops or; (c)Objects temporarily present at or near the track (except at level crossings), such as rocks, landslides, trees, lost parts of railway vehicles, road vehicles and machines or equipment for track maintenance.

It is a car collision with another anything with another and through it a traffic accident is generated

Collusion refers to combinations, conspiracies or agreements among sellers to raise or fix prices and to reduce output in order to increase profits.

See: Bid rigging

A cofinanced loan.