What will I find in this section?
Technical terms, unfortunately, cannot always be avoided – particularly when it comes to complex topics such as monetary policy. This is why we have compiled a glossary with a wide range of terms, arranged in alphabetical order and each with a short explanation.
- ABCP (Asset-backed commercial paper)
- ABS (Asset-backed security)
- ABSPP (Asset-Backed Securities Purchase Programme)
- Act to Modernise Accounting Law (BilMoG)
- APP (Asset purchase programme)
- Asset-backed commercial paper (ABCP)
- Asset-Backed Securities Purchase Programme (ABSPP)
- Asset-backed security (ABS)
- Asset purchase programme (APP)
- Automatic stabilisers
- Autonomous factors
An annuity loan is a form of credit with fixed payment flows to the lender across the entire term of the loan. The repayment amounts (instalments) are typically paid monthly and made up of principal and interest components. As the outstanding balance of the loan diminishes over time, the interest component of the instalment goes down while the principal component increases. Real estate loans are often structured as annuity loans.