Glossary
Floating Interest Rate
According to Bulgarian legislation, a floating interest rate is composed of two components: a reference interest rate (RIR) and a fixed margin.
Fraud
An act in which a person intentionally deceives another through lies, misleading information, or concealment of material facts with the aim of obtaining money, property, or other personal gain. The perpetrator uses false statements or hides important information to induce the victim to take an action they would not otherwise have taken.
Fundamental Analysis
A primary tool for assessing the potential of a given asset, which involves examining financial statements, forecasting revenue and expense growth, and analysing industry trends and economic conditions. It is often used to make investment decisions by evaluating the intrinsic value of the asset. Fundamental analysis is frequently combined with technical analysis, which studies historical price movements and trading volumes to forecast short-term price trends.
General Insurance
Includes insurance policies that cover property, liability, and other non-life risks (for example, motor comprehensive insurance, property insurance, health insurance, accident insurance, etc.). General insurance also encompasses liability coverage for property or non-property damages caused by the insured to third parties – for example, motor third-party liability insurance – as well as other policies covering risks arising from the performance of certain professional or business activities.
General Terms and Conditions
Structured sections containing comprehensive information about the rights and obligations of the parties to a contract and various aspects of their contractual relationship.
Gift Tax
A local direct tax payable on the gratuitous transfer of property (money, goods, real estate, etc.) between individuals, where such transfer does not constitute inheritance. This tax is administered by the municipalities where the property is located or where the recipient has permanent residence. It is regulated under the Local Taxes and Fees Act. The tax is payable by the recipient of the gift (the donee). Taxable items include real estate (apartments, houses, land), high-value movable property (e.g. cars), money, shares, membership interests, and other gratuitous acquisitions not exempted. Gifts are exempt from tax when made between spouses, direct relatives (e.g. parent and child), siblings, and their children (in some municipalities with zero or reduced rates). The tax rate is determined by the respective municipality and varies depending on the value of the gift, the relationship between the parties, and the municipal council’s regulations.
Goal - glossary for children
Something a person wants to achieve, for example, to buy a bicycle, go on a trip, or complete higher education. Often, achieving a goal requires time and money.
Gold Standard
A monetary system in which the unit of currency is directly linked to a fixed quantity of gold, and banknotes could be exchanged for that amount. Under the silver standard, the currency was analogously tied to silver. The gold standard was widely used in the 19th and the first half of the 20th century but is no longer applied today, having been replaced by fiat currency systems.
Goods
Items that can be bought or sold, such as clothes, food, toys, and more.
Goods - glossary for children
Items that can be bought or sold, such as clothes, food, toys, and more.
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