European Economic Area Financial Glossary

What is it? This now consists of Iceland, Liechtenstein and Norway and has a special relationship with the EU.

Finance Term Definition Added By: Kevin

Send To Friends!

If you'd like to send the European Economic Area definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of European Economic Area. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Lessor is A person or organisation who owns a property and rents it to another person or organisation, under the terms of a formal Lease Agreement.

Financial Term ICT is Information and communications technologies

Financial Term Individual Retirement Account (IRA) is A method of planning for retirement that enables individuals to save up to $2,000 annually. These funds, called contributions, are in addition to any retirement plan already in place by the individuals employer. In addition, if an individuals employer has adopted a Savings Incentive Match Plan for Employees, the employee will be able to make a pre-tax elective contribution to an IRA of up to $6,000 annually. IRA funds are tax-deferred, that is, not subject to tax until withdrawals are made, when the individual may be in a lower tax bracket. (See Tax-Deferred Investment).

Financial Term Credit is A dollar amount that appears on the right-hand side of an account ledger. Use a credit to record a decrease in an asset or an increase in a liability or in owners equity.

Financial Term Comparison Fiscal Year is Represents the Universitys fiscal year from July 1st to June 30th. For example, 2004 related to the year starting July 1, 2003 and ending June 30th, 2004. This field will default to the current year.