BROWN BOOK Definition

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BROWN BOOK is industry slang for Development of the Oil and Gas Resources of the United Kingdom; an annual report.

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LOMBARD RATE is the rate at which the Bundesbank, the German central bank, lends funds to banks as short-term credit. It is normally at least one percentage point above the discount rate and is regarded as an important international indicator.

TEMPORARY ACCOUNT see NOMINAL ACCOUNT.

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