Malcolm Balridge National Quality Award (MBNQA)
The Award is named for Malcolm Balridge, who served as Secretary of Commerce from 1981 until his tragic death in a rodeo accident in 1987. His managerial excellence contributed to long-term improvement in efficiency and effectiveness of government. |
Similar financial terms
Federal National Mortgage Association (FNMA)The FNMA is a US government-backed corporation which purchases mortgages from lenders and resells them to investors. It is financed by the issue of debt securities. Equity shares, known as Fannie Maes, are traded on the New York Stock Exchange.
Nationalization
A government takeover of a private company.
National Futures Association (NFA)
The futures industry self regulatory organization established in 1982.
Multinational corporation
A firm that operates in more than one country.
London International Financial Futures Exchange
London International Financial Futures Exchange (LIFFE) is a London exchange where Eurodollar futures as well as futures-style options are traded.
American National Standards (ANSI)
ANSI is a private, non-profit organization that administers and coordinates the U.S. voluntary standardization and conformity assessment.
Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which serves as a forum for monetary cooperation among several European central banks, the Bank of Japan, and the U.S. Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international banking activity and promulgates rules concerning international bank regulation.
National income
The value of goods and services created by a country in one year.
Net national product
The technical term for national income, it is GNP minus capital consumption.
International Fiscal Police (INTERFIPOL)
The tax crime counterpart to INTERPOL.
International Business Company (IBC)
An IBC is a corporation formed (incorporated) under a Company Act of a tax haven, but not authorized to do business within that country of incorporation; intended to be used for global operations. Owned by member(s)/shareholder(s). Has the usual corporate attributes.
International Financial and Banking Centre (IFC)
A country identified as being a tax haven.
International Criminal Police Organization
Commonly known as INTERPOL. The network of multinational law enforcement authorities established to exchange information regarding money laundering and other criminal activities. Currently more than 130 member nations.
Quality spread
Also called credit spread, the spread between Treasury securities and non-Treasury securities that are identical in all respects except for quality rating. For instance, the difference between yields on Treasuries and those on single A-rated industrial bonds.
Quality option
Also called the swap option, the seller's choice of deliverables in Treasury Bond and Treasury note futures contract.
Acceptable Quality Level (AQL)
Maximum number of defects per 100 pieces that are allowable.
