| Code | GC.BAL.CASH.GD.ZS |
| Indicator Name | Cash surplus/deficit (% of GDP) |
| Short definition | Cash surplus or deficit is revenue (including grants) minus expense, minus net acquisition of nonfinancial assets. In the 1986 GFS manual nonfinancial assets were included under revenue and expenditure in gross terms. This cash surplus or deficit is closest to the earlier overall budget balance (still missing is lending minus repayments, which are now a financing item under net acquisition of financial assets). |
| Long definition | Cash surplus or deficit is revenue (including grants) minus expense, minus net acquisition of nonfinancial assets. In the 1986 GFS manual nonfinancial assets were included under revenue and expenditure in gross terms. This cash surplus or deficit is closest to the earlier overall budget balance (still missing is lending minus repayments, which are now a financing item under net acquisition of financial assets). |
| Source | International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. |
| Topic | Public Sector: Government finance: Deficit & financing |
| Periodicity | Annual |
| Aggregation method | Weighted average |
FAQs
What is compensation for borrowed money called? ›
Interest. A fee charged by a lender, and paid by a borrower, for the use of money. A bank or credit union may also pay you interest if you deposit money in certain types of accounts.
What are the banking terminologies? ›Routing Number - This is a number that can identify your bank based on the geographical location of the institution. Bigger banks may have several routing numbers while smaller ones have only one. APR - Annual Percentage Rate (APR) is the yearly interest you earn by depositing your money your money into an account.
What is the difference between a payment and a settlement? ›Payment is a dollar amount paid on any debt or allowance. A settlement is a payment or payments that will conclude the financial obligation in full, thus finishing the agreed term and amount in total.
What do you call a person who borrows money and doesn t pay it back? ›Debtors are often called borrowers if the money owed is to a bank or financial institution, however, they are called issuers if the debt is in the form of securities. Debtors cannot go to jail for not paying consumer debt (e.g. credit cards).
How do I borrow money from a pending lawsuit? ›Here's how it works. After you file a personal injury lawsuit, you apply for the loan with a lawsuit funding company. The company evaluates your case to determine how much you can expect to get if you win or negotiate a settlement. (The vast majority of personal injury cases are settled before trial.)
What is the Z word for banking? ›Zero-balance account (ZBA) Zero-base budgeting (ZBB) Zero-beta portfolio. Zero-bracket amount. Zero-coupon bond.
What are the 4 C's of banking? ›Concept 86: Four Cs (Capacity, Collateral, Covenants, and Character) of Traditional Credit Analysis. The components of traditional credit analysis are known as the 4 Cs: Capacity: The ability of the borrower to make interest and principal payments on time.
What are the 5 C's of banking? ›Called the five Cs of credit, they include capacity, capital, conditions, character, and collateral. There is no regulatory standard that requires the use of the five Cs of credit, but the majority of lenders review most of this information prior to allowing a borrower to take on debt.
What is authorization payment? ›Payment Authorization is a process through which the amount to be paid on a payment method is verified. In case of credit cards, authorization specifically involves contacting the payment system and blocking the required amount of funds against the credit card.
How do banks settle payments? ›A settlement is the final stage of the payment process, whereby the acquiring bank collects funds from the cardholder's issuing bank, through the payment gateway. The money is then deposited into the merchant's business account, minus relevant processing fees.
What is a DC settlement on bank statement? ›
"D/C settlement" in online bank statements stands for Debit/Credit settlement. It refers to the process of settling a debit or credit transaction made using a signature-based debit or credit card.
What does RP mean on a bank statement? ›Repurchase agreement (RP)
The purchase and sales agreements are simultaneous but the transactions are not. The sale is a cash transaction while the return purchase is a forward transaction since it occurs at a future date.
"SP" on a credit card statement typically stands for "Settlement Pending." When you see this notation, it means that a transaction has been authorized, but the final settlement or payment processing is still pending.
What does PP * mean on bank statement? ›If neither the Payment Facilitator or Affiliate prefix are supplied, and the merchant does not have their own MID, the default prefix is PP* for ProPay.
What are the 8 words related to bank? ›Some of the words related to BANKING are as follows: balance, bank statement, borrower, cardholder, credit limit, depositor, interest, overdraft, passbook, savings, telebanking, paying-in slip, withdrawal, lending rate, debit, commission, banker's order, credit, account (a/c), etc.
What are the six types of banking transactions? ›Types of bank transactions include cash withdrawals or deposits, checks, online payments, debit card charges, wire transfers and loan payments.
Can bank tellers see your balance without permission? ›Can bank tellers access your account without permission? Bank tellers can technically access your account without your permission. However, banks have safety measures in place to protect your personal data and money because account access is completely recorded and monitored.
What does ACH in banking mean? ›An ACH is an electronic fund transfer made between banks and credit unions across what is called the Automated Clearing House network. ACH is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments.