FRANC Definition

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FRANC is a currency of: Algeria, Belgium, Benin, Burkina Faso, Burundi, Cameroon, Chad, Comoros, Congo, Djibouti, Equatorial African States, Equatorial Guinea, France, Gabon, Guadeloupe, Guinea, Katanga, Luxembourg, Madagascar, Mali, Martinique, Monaco, Morocco, Niger, Rwanda, Saar, Senegal, Switzerland, Tahiti, Togo, Tunisia, and West African States.

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STATUTORY ACCOUNT is an involuntary account, which is created by law rather than by business need. An example of a statutory account would be taxes.

TRADE INVESTMENT is shares held by one company in another. Also known as fixed asset investment.

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