Economics & Finance | Françoise Clementi

sum insured

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Maximum compensation paid by the insurer in accordance with the general and particular conditions of the policy.

subsidiary liability

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A commitment to respond to the duty imposed on the main responsible if this one is not be able to fulfill that commitment.

subsidised loan

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A subsidized loan is a loan on which the interest is reduced by an explicit or hidden subsidy. (source: http://en.wikipedia.org/wiki/Loan)

subsidy

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Financial aid given by the government to individuals or groups. (source: http://www.investorwords.com/4807/subsidy.html#ixzz2cQwDx0tE)

substitence economy

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An agrarian economy based on production for consumption rather than exchange. Such economies are characterized by low levels of production, yielding a surplus capable of

subsided interest

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The amount of interest on a loan paid by the government or by another public body through a specific collaboration agreement.

subsidiary company

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A company which is more than 50 per cent owned by a holding company, and where the holding company controls the board of directors. (source:

subscription of securities

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The process of investors signing up and committing to invest in a financial Instrument, before the actual closing of the purchase. (source: en.wikipedia.org)

subscription right

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The right of current shareholders to maintain their fractional ownership of a company by buying a proportional number of shares of any future issue of