Life insurance Disability Disability (KNOWN AS): Guarantee which ensures the expiries payment of loan or credit in the event of death, permanent and total d invalidity, disability partial and temporary incapacity of work of (of) the borrower (S) assured (S).


Insurance life: Contract by which  assuror takes engagement, to the other hand payment of premiums or contributions, to regulate with the subscriber, with member or the indicated third, a capital or a determined revenue, in the event of death of member or survival of this one, at one time and for one length of time defined in the contract.


Tax credit: This to have, corresponding to a percentage of the dividend Net according to shareholder which use it, is intended to attenuate the consequences of the double taxation striking the taxable product under l´impôt the companies and l´impôt the income.


Requirement in Working capital (BFR): Difference between two essential data d exploitation, the needs (stocks, customers…) and the resources (debts, suppliers…).
“Needs - Resources = BFR”: in the majority of the cases, the needs are higher than the resources and the difference is financed by resources known as stable like the working capital (FDR - to see definition), compte courant it d´associé or of the banking contests in the short run. The BFR constitutes a permanent data of management of which it will be advisable to keep the large account in case d augmentation of the figure d´affaire (CA). To increase its CA by 10% is equivalent increasing its BFR of 10%.

Promissory note: The promissory note represents an engagement identical to the bill of exchange but written directly by the debtor.


Cash voucher monetary: Placement referred on the money market which ensures you the total liquidity of the invested funds, the safety of the funded capital, a regular performance indexed on EONIA.


Capitalization/Distribution: Choice operated by the OPCVM to distribute or not the boxed incomes of their wallet. As the incomes are capitalized, they are not subjected to l´impôt on the income and contribute to l augmentation of the realizable value of SICAV and the shares of CPF.


Personal guarantee: Commitment entered into by a person - the guarantee - with respect to a creditor to pay what owes the principal debtor - guaranteed - if this one does not carry out this payment.

Certificate of deposit: Negotiable evidence of indebtedness, i.e. title representative of credits which a private individual or a company holds on an institution (banks, State, undertaken…). This placement must have one initial duration at least equal to one day and a unit amount at least equal to the exchange-value of 1 million FF.

Profit clause: Clause by which the subscriber nominates the persons to which will be versed the benefits payable by the contract.

Compromise or commitment to sell: For the buildings or goodwill, it is common that the final sale is preceded by a compromise (informal agreement or authenticated) fixing the obligations of each part. In a compromise of sale, the promise does not comprise the commitment to buy of the person who accepts the promise. The sum paid by the purchaser makes it possible each part to retract.

Count in the long term in francs: Placement whose remuneration is fixed at the moment of the deposit according to amount (minimum 50.000 FRF), of the duration of the placement (from 1 to 24 months) and of the rate of the money market for the selected period.

Contract in Units of Account: Contract of insurance life whose value is expressed in Units of Account, generally shares of SICAV, shares of CPF or shares of SCI (real civil company or SCPI (civil company of investment in real estate). Except exceptions, the contracts in Units of Account are not supplied with a guaranteed minimum rate. The surrender value of the contract is that of the Units of Account at a given moment.

Convention of guarantee of liability: During the acquisition of a company, the purchaser must guard himself against any risk of liability which can emerge later on. For that, it must insert a clause in the sale contract according to which the salesman guarantees for one given length of time the financial consequences of events involving a serious loss for the company. This clause plays only if the cause of the damage is former to the sale of the company.

Leasing: Convention by which credit an institution, the financial backer, places at the disposal of a customer, the taker, with the help of the payment of a rent, goods of equipment or material of tools or building of professional use whose this Establishment remains the owner and which the taker at the end of the lease can either relet, or to restore, or to repurchase for a price fixed at the origin.