Certificate issued by the Bank of England to “discount houses” in lieu of stock certificates to facilitate their dealing in the short dated gilt edge securities.
Zero Coupon Bond:
A bond that pays no interest. The bond is initially offered at a discount to its redemption value.
Zentrum für Europäische Wirtschaftsforschung (German: Centre for European Economic Research)
ZEW Indicator of Economic Sentiment:
Experts are asked for a qualitative assessment of the direction of inflation, interest rates, exchange rates and the stock market in the next six months. Thus the indicator provides a medium-term forecast for the German economy.
ZEW Survey – Euro Zone:
A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany ‘s economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.