Prudential Code Financial Glossary

What is it? A statutory code of practice that sets out the framework for local authority capital finance that ensuresCapital expenditure plans are affordable;All external borrowing and other long term liabilities are within prudent and sustainable levels; and Treasury management decisions are taken in accordance with professional good practice.

Finance Term Definition Added By: Brian

The Prudential Code definition has been viewed 1838 Time(s)!

Send To Friends!

If you'd like to send the Prudential Code 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 Prudential Code. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term proceeds is Money or property received when collateral is sold, exchanged, or collected.

Financial Term NIS is Newly Independent State. Refers to those countries, now independent that formally were part of the Soviet Union - generally now excluding those regarded as NAS.

Financial Term Book to Bill is This is the semiconductor book to bill ratio. It reports on the amount of semiconductor chips that are booked for delivery as compared with those that companies already have billed for.

Financial Term AGM is Annual General Meeting. The annual meeting where shareholders formally approve the directors actions on their behalf during the past financial year and adopt the Annual Report and Accounts. It is also the meeting at which Directors generally retire and are formally appointed.

Financial Term Agency is Where one authority (the main authority) pays another authority (the agent) to do work for them.