lump-sum allowance

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European Central Bank DictionaryDownload this dictionary
lump-sum allowance
A fixed amount which an institution deducts in the calculation of its reserve requirement within the minimum reserve framework of the Eurosystem.
See also:
 Eurosystem      minimum reserve requirement    

Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.

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