Euro bond and Opex: Difference between pages

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imported>John Grout
(To clarify a little)
 
imported>Doug Williamson
(Create the page. Source: The Treasurer, September 2016, p21.)
 
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A proposed new debt instrument for the euro area, also known as a Stability Bond.
'''Op'''erating '''Ex'''penditure.


The new instrument would be denominated in euro and issued <u>jointly</u> by a number of relevant countries, for example all of the euro area (informally Eurozone or [[Euro zone]]) countries.
Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.


This proposal is sometimes known as 'common issuance' (contrasted with separate sovereign issuance by each individual country as at present).
Opex is contrasted with capital expenditure ('capex').


The spelling without the space has begun to dominate the literature even though that may cause confusion given the established meaning of [[Eurobond]], some authors seeking to use the term [[international bond]] for the latter.
''Note'' Take care: a bond denominated in euros is a 'euro bond' in the same way that a bond denominated in dollars is a 'dollar bond'. A euro bond in that sense may be a [[domestic bond]], a Eurobond or [[international bond]], a [[foreign bond]] and even, if any are ever issued, a Euro bond as used in this entry.


== See also ==
== See also ==
* [[Eurobond]]
* [[Capitalise]]
* [[Capital expenditure]]
* [[Expenditure]]
* [[Revenue expenditure]]

Revision as of 15:11, 6 September 2016

Operating Expenditure.

Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.

Opex is contrasted with capital expenditure ('capex').


See also

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