Exchange-for-value system and Per mille: Difference between pages

Revision as of 20:48, 5 September 2017

1.

Banking

A charge based on the size of a transaction, quoted per 1,000 currency units of the transaction size.

2.

More generally, any amount expressed per 1,000 units of a base measure as 'parts per thousand'.

For example, a concentration of pollutants in water or air.

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-A system dealing with two-way exchanges of assets, often including money.
+.
-Contrasted with funds transfer systems, which generally deal with one-way transfers of money only.
+''Banking''
+A charge based on the size of a transaction, quoted per 1,000 currency units of the transaction size.
+.
+More generally, any amount expressed per 1,000 units of a base measure as 'parts per thousand'.
+For example, a concentration of pollutants in water or air.
 == See also ==
-* [[Assured payment system]]
+* [[Ad valorem]]
-* [[Credit risk]]
+* [[Lifting fees]]
-* [[Funds transfer system]]
-* [[Transfer system]]