M1 a narrow monetary aggregate that comprises currency in circulation plus overnight deposits held with MFIs and central government ( e.g. at the post office or treasury ) .

Outright transaction a transaction whereby the central bank buys or sells assets up to their maturity in the market ( spot or forward ) .

Pre fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date ( certain dates ) before the start of the coupon accrual period .

Euro area the area encompassing those Member States in which the euro has been adopted as the single currency in accordance with the Treaty and in which a single monetary policy is conducted under the responsibility of the relevant decision making bodies of the ECB . The euro area comprises Belgium , Germany , Spain , France , Ireland , Italy , Luxembourg , the Netherlands , Austria , Portugal and Finland .

Purchase date the date on which the sale of purchased assets by the seller to the buyer becomes effective . Purchase price the price at which purchased assets are sold or are to be sold to the buyer by the seller .

Overnight deposits deposits with next day maturity .

Pre fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date ( or dates ) before the start of the coupon accrual period .

M1 , M2 , M3 see monetary aggregates .

Maastricht Treaty see Treaty . Main refinancing operation a regular open market operation executed by the Eurosystem in the form of a reverse transaction .

Liquidity risk the risk that a counterparty will not settle an obligation at its full value when due but on some unspecified date thereafter .

With regard to their aims , regularity and procedures , Eurosystem open market operations can be divided into four categories main refinancing operations , longer term refinancing operations , fine tuning operations and structural operations .

Purchase date the date on which the sale of purchased assets by the seller to the buyer becomes effective . Purchase price the price at which purchased assets are sold or are to be sold to the buyer by the seller .

By contrast with an earmarking system , the underlying assets are not earmarked for individual transactions in a pooling system . Post fixed coupon a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date ( certain dates ) during the coupon accrual period .

Open market operation an operation executed on the initiative of the central bank in the financial market . With regard to their aims , regularity and procedures , Eurosystem open market operations can be divided into four categories main refinancing operations , longer term refinancing operations , fine tuning operations and structural operations .

Purchase price the price at which purchased assets are sold or are to be sold to the buyer by the seller . Quick tender the tender procedure used by the Eurosystem for fine tuning operations when it is deemed desirable to have a rapid impact on the liquidity situation in the market .

ECB Annual Report 2002 price is multiplied by the number of shares outstanding ) , with each stock 's weight in the index thus being proportionate to its market value .

MFIs ( monetary financial institutions ) financial institutions which together form the moneyissuing sector of the euro area .

Marginal lending facility a standing facility of the Eurosystem which counterparties may use to receive overnight credit from an NCB at a pre specified interest rate against eligible assets ( see also key ECB interest rates ) .

I was happy for her unexpected visit.

And so our effort took an unexpected turn.

Sammartini's death in 1775 was unexpected.

Marginal lending facility a standing facility of the Eurosystem which counterparties may use to receive overnight credit from an NCB at a pre specified interest rate against eligible assets ( see also key ECB interest rates ) . Market risk the risk that the value of an investment will decrease owing to moves in market factors .

Excessive deficit procedure the provision defined in Article 104 of the EC Treaty and specified in Protocol No 20 ( on the excessive deficit procedure ) requires EU Member States to maintain budgetary discipline , defines criteria for a budgetary position to be considered an excessive deficit and sets out the steps to be taken following the observation that the criteria for the budget balance or government debt have not been fulfilled .

Liquidity risk the risk that a counterparty or a participant in a payment or settlement system will not settle an obligation at its full value when due . Liquidity risk does not imply that the counterparty is insolvent , since it may be able to settle the required debt obligations at some unspecified time thereafter .

Cynthia Schneider The surprising spread of Idol TV

While he was doing this, he noticed an unexpected thing.

I'm a contemporary artist with a bit of an unexpected background.

Pastis likened this unexpected collaboration to getting a glimpse of Bigfoot.

And this then has given rise to unprecedented and unexpected moral controversy.

This time, the crackdown started on the afternoon with unexpected force.

Spontaneous compassion that could not be planned for, that was unexpected and unpredictable.

So it is, unexpectedly, with Argentine debt.

His stance was greeted with applause, and Thucydides suffered an unexpected defeat.

To what do I owe the unexpected honour of finding you here in my house?

Religious Question Soon after returning to Brazil, Pedro II was faced with an unexpected crisis.

Or is it a kind of serendipity that we cannot explain, like the cosmological constant?

When I first met him, I was taken aback by his unexpected question.

Valuation Transaction

Purchase date the date on which the sale of purchased assets by the seller to the buyer becomes effective .

Announcement of longer term refinancing operation Allotment of longer term refinancing operations Settlement of longer term refinancing operations

Operation Mersad and end of the war Operation Mersad ( ambush ) was the last major military operation of the war.

It can reach into millennia that have been buried, and return them in a just and unexpected equity.

Back in Edo, Ieyasu received news of the situation in the Kansai region and decided to deploy his forces.

Interest rate instruments are revalued on an item by item basis .

ECB Annual Report 2006 Interest rate instruments are revalued on an item by item basis .