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British English (BrE) is the standard dialect of the English language as spoken and written in the United Kingdom. Variations exist in formal, written English in the United Kingdom. For example, the adjective wee is almost exclusively used in parts of Scotland, North East England, Ireland, and occasionally Yorkshire, whereas the adjective little is predominant elsewhere. Nevertheless, there is a meaningful degree of uniformity in written English within the United Kingdom and this could be described by the term British English. The forms of spoken English, however, vary considerably more than in most other areas of the world where English is spoken and so a uniform concept of British English is more difficult to apply to the spoken language. According to Tom McArthur in the Oxford Guide to World English, British English shares "all the ambiguities and tensions in the word 'British' and as a result can be used and interpreted in two ways, more broadly or more narrowly, within a range of blurring and ambiguity".
A quaestor was a public official in Ancient Rome. The position served different functions depending on the period. In the Roman Kingdom, quaestores parricidii were appointed by the king to investigate and handle murders. In the Roman Republic, quaestors were elected officials who supervised the state treasury and conducted audits. It was the lowest ranking position in the cursus honorum. However, this means that in the political environment of Rome, it was quite common for many aspiring politicians to take the position of quaestor as an early rung on the political ladder. In the Roman Empire, the position, which was initially replaced by the praefectus (prefect), reemerged during the late empire as quaestor intra Palatium, a position appointed by the emperor to lead the imperial council and respond to petitioners.
Scots is a West Germanic language variety spoken in Scotland and parts of Ulster in the north of Ireland. It is sometimes called Lowland Scots to distinguish it from Scottish Gaelic, the Goidelic Celtic language that was historically restricted to most of the Highlands, the Hebrides and Galloway after the 16th century. Modern Scots is a sister language of Modern English, as the two diverged independently from the same source: Early Middle English (1150–1300).
A civil list is a list of individuals to whom money is paid by the government, typically for service to the state or as honorary pensions. It is a term especially associated with the United Kingdom and its former colonies of Canada, India, New Zealand, Singapore and many more. It was originally defined as expenses supporting the monarch.
The Benevolence International Foundation (BIF) was a purported nonprofit charitable trust based in Saudi Arabia. It was determined to be a front for terrorist group Al-Qaeda and was banned by the United Nations Security Council Committee 1267 and the US Department of the Treasury in November 2002. The BIF's chief executive officer Enaam Arnaout began serving a ten-year sentence in 2003 after pleading guilty for racketeering in a U.S. federal court.
In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund for general spending, as opposed to hypothecated taxes earmarked for specific purposes.
The Central Bank of the Republic of Turkey, CBRT is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes, and establishing, maintaining and regulating payment systems in the country. The CBRT is tasked by law to achieve and maintain price and financial stability in Turkey, and has a mandate to use, by its own discretion, whichever policy instrument at its disposal to reach these objectives. Therefore, it has instrument but not goal independence. Since 2006, the CBRT follows a full-fledged inflation targeting regime.
The Barnett formula is a mechanism used by the Treasury in the United Kingdom to automatically adjust the amounts of public expenditure allocated to Northern Ireland, Scotland and Wales to reflect changes in spending levels allocated to public services in England, England and Wales or Great Britain, as appropriate. The formula applies to a large proportion, but not the whole, of the devolved governments' budgets − in 2013–14 it applied to about 85% of the Scottish Parliament's total budget.
The Bureau of the Public Debt was an agency within the Fiscal Service of the United States Department of the Treasury. United States Secretary of the Treasury Timothy Geithner directed the Bureau be combined with the Financial Management Service into the single Bureau of the Fiscal Service in 2012.
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department and an executive agency of HM Treasury. The aim of NS&I has been to attract funds from individual savers in the UK for the purpose of funding the government's deficit. NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's debt is met by funds raised through NS&I, around half of which is from the Premium Bond offering.
The Tamils Rehabilitation Organisation (TRO) was established in 1985 in Tamil Nadu in southeastern India by Tamil refugees fleeing the violence in North and East Sri Lanka. Its initial operation was to provide relief to the refugees in India. After the signing of the Indo-Sri Lanka Accord and the subsequent fighting between the LTTE and the Indian Peace Keeping Force, TRO moved its operation and headquarters to Jaffna in Northern Sri Lanka.
A child trust fund (CTF) is a long-term savings or investment account for children in the United Kingdom. New accounts can no longer be created as of 2011, but existing accounts can receive new money: the accounts were replaced by Junior ISAs.
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. It emphasizes accountability rather than profitability, and is used by Nonprofit organizations and by governments. In this method, a fund consists of a self-balancing set of accounts and each are reported as either unrestricted, temporarily restricted or permanently restricted based on the provider-imposed restrictions.
The English Dialect Dictionary (EDD) is a dictionary of English dialects, compiled by Joseph Wright (1855–1930) and Elizabeth Mary Wright (1863-1958).
The Fund Transfer Pricing (FTP) measures the contribution by each source of funding to the overall profitability in a financial institution. Funds that go toward lending products are charged to asset-generating businesses whereas funds generated by deposit and other funding products are credited to liability-generating businesses.
An Appropriation Act is an Act of Parliament passed by the United Kingdom Parliament which, like a Consolidated Fund Act, allows the Treasury to issue funds out of the Consolidated Fund. Unlike a Consolidated Fund Act, an Appropriation Act also "appropriates" the funds, that is allocates the funds issued out of the Consolidated Fund to individual government departments and Crown bodies.
The Office of Fiscal Service (OFS) is an agency of the United States federal government in the United States Department of the Treasury. The office is led by the Fiscal Assistant Secretary of the Treasury. The Fiscal Assistant Secretary reports to the United States Secretary of the Treasury through the Under Secretary of the Treasury for Domestic Finance.
A trading fund is an executive agency, government department or often simply a part of a department, that enables the department to handle its own revenues and expenses separately from overall government finances and more like a business, as opposed to having to obtain funding from the government's legislature and feeding income back into its treasury. A Hong Kong governmental study of trading funds in the UK and Hong Kong describes their nature and purpose as follows:
A trading fund is a financial and accounting framework established by law to enable a government department, or part of a department, to adopt certain accounting and management practices common in the private sector. [The fund] operates on a self-financing basis and does not need to regularly seek funding from the legislature to finance its daily operations after its establishment... the intention [is that such] an institutional change would provide the appropriate flexibility in resource management and nurture a new working culture to improve services in terms of both quality and cost-effectiveness.
On March 23, 2009, the United States Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the United States Treasury Department announced the Public–Private Investment Program for Legacy Assets. The program is designed to provide liquidity for so-called "toxic assets" on the balance sheets of financial institutions. This program is one of the initiatives coming out of the implementation of the Troubled Asset Relief Program (TARP) as implemented by the U.S. Treasury under Secretary Timothy Geithner. The major stock market indexes in the United States rallied on the day of the announcement rising by over six percent with the shares of bank stocks leading the way. As of early June 2009, the program had not been implemented yet and was considered delayed. Yet, the Legacy Securities Program implemented by the Federal Reserve has begun by fall 2009 and the Legacy Loans Program is being tested by the FDIC. The proposed size of the program has been drastically reduced relative to its proposed size when it was rolled out.
Bank Gospodarstwa Krajowego (BGK) is a Polish national development bank with headquarters in Warsaw, is a state-owned bank in Poland, operating under a dedicated bill of law. Its main tasks are: support and servicing of export transactions, issuing governmental guarantees, and support of housing.
References
- ↑ Travis, Alan (3 June 2002). "Scrapped, the secret funds that few knew existed". The Guardian . Retrieved 18 December 2010.
- ↑ Wright, Joseph (1898). The English Dialect Dictionary, Vol. 1, p. viii.