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imported>Doug Williamson |
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| 1. ''Currencies - hard money - fiat currencies.''
| | (MNC). A corporation/company that has its facilities, manages production, delivers services and other assets in at least one country other than its home country. |
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| A monetary agreement under which national currencies were backed by gold, and gold was used for international payments. | |
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| Most countries abandoned the gold standard for their currencies during the 20th century.
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| Fiat currencies are the - almost universal - alternative.
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| 2. ''Standard of excellence.''
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| A gold standard is an example of something that is very good that is used as a measure of how good other things are.
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| :<span style="color:#4B0082">'''''Pearson sets gold standard - ACT'''''</span>
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| :"In issuing the first-ever social bond with a specific focus on education, Pearson has set a gold standard for other major corporates to follow."
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| :''ACT Deals of the Year Awards 2020 - Pearson''
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| In the example above, a third party has accorded the description "gold standard" to Pearson's bond issue.
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| However, many providers are apt say that their own offerings are the gold standard in their field.
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| == See also == | | == See also == |
| * [[Bretton Woods]] | | * [[Company]] |
| * [[Cryptocurrency]] | | * [[Corporation]] |
| * [[Fiat currency]] | | * [[Multinational]] |
| * [[Foreign exchange]] | | * [[Transnational]] |
| * [[Gold-plating]]
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| * [[Hard money]]
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| * [[Money]]
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| * [[Pound]]
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| * [[Social bond]]
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| * [[Third party]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Financial_products_and_markets]]
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Revision as of 14:20, 23 October 2012
(MNC). A corporation/company that has its facilities, manages production, delivers services and other assets in at least one country other than its home country.
See also
