Glossary
Asset
Assets are things that you own, such as cash, real estate, stocks, and
bonds. For businesses, assets also include inventory.
Capital
The sum of money or other wealth owned and/or used to obtain income or
benefits
Euro
The common European currency adopted by many countries of the European
Union, introduced in 1999 for companies, with banknotes and coins available in 2002.
It has been quickly established as second only to the US dollar as a currency of
choice for international investors.
Gross National Product
Usually shortened to GNP, it is the market value of the goods and services
produced by a country in a year. The GNPs of the major economies are normally reported
quarterly and these figures are carefully examined by the market. Formally called
the Gross Domestic Product.
Inflation
An increase in the overall price level of goods and services.
Jurisdiction
This is the country in which your investment is held. For example, we use
the Isle of Man as the jurisdiction for some of our products because of its low
taxes and high stability.
NASDAQ
The first electronic stock market. It provides brokers and dealers with
instant up-to-date price quotations for many securities traded over the counter
as well as securities traded on other exchanges, such as the New York Stock Exchange.
Portfolio Manager
A fully qualified person who has the responsibility for the day-to-day
management of your portfolio.
Risk Profile
Risk profiles can be low, medium or high. A careful assessment of your
individual financial status and needs is required before any of these models are
applied to your portfolio.
Tax Avoidance
A legal planned strategy to pay the least amount of tax as possible. This
is not to be confused with Tax Evasion, which is the illegal practice of intentionally
evading taxes. Common, and therefore easily traceable, tactics include underreporting
income or hiding assets for the tax authorities. We are experts in making use of
clever lawful tax avoidance strategies and can help you avoid any accidental or
unintentional tax evasion.
Valuation
Placing a value or worth on an asset. On our website, you can obtain an
instant valuation of your portfolio or any asset your have registered with us. We
can also advise you whether an asset is worth buying or selling at the current price.
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you should consult a deVere & Partners Financial Consultant.
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deVere and Partners is the world's largest independent international financial consultancy.
International investors and expatriates employ us to find financial services products
that suit their medium to long term requirements for investments, savings and pensions.
With in excess of US$7 billion of funds under administration and management, deVere
has more than fifty thousand clients in over a hundred countries. Our independence
and ability to offer financial products that are tailor-made to fit an individual’s
needs are behind our success. As a result we now have offices in over forty countries.
You can find us in Abu Dhabi, Brussels, Dubai, Geneva, Hong Kong, Johannesburg,
London, Mexico, Moscow, Shanghai, Tokyo and Zurich, amongst others.
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