#economics dictionary
- Agio — A positive difference between the nominal value of a security (stock, bond) or currency and its higher market value; a commission, fee, or percentage collected by banks or exchange offices for conducting certain financial operations or foreign exchange. It represents a structural indicator of share premiums or advantageous quotes in commercial transactions.
- To back a bill — To guarantee by signature (aval) the payment of a bill of exchange, promissory note, or other commercial paper, becoming jointly liable alongside the primary debtor in case of default at maturity.
- To back a bill — To guarantee by signature (aval) the payment of a bill of exchange, a promissory note, or another commercial paper, assuming the obligation to pay the inscribed amount if the primary debtor fails to meet their duties at maturity.