AVALIZOR Definition

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AVALIZOR is an institution or person who gives an aval.

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SWAPS is when one currency is temporarily exchanged for another, then the currency is held and exchanged later after a fixed period of time. To calculate the swap take the interest rate differential between the two underlying currencies, thus it may be used for speculative purposes to exploit anticipated movement in the interest rates. See INTEREST RATE SWAPS.

NET WORTH is the difference between Total Liabilities and Total Assets. Minority interest is included here.

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