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stakeholder (GO, M1)<br />1 A person with an interest in a business, a fund or a community. The interest can arise from financial investment, employment or citizenship.<br /> 2 A member of society aware of collective obligations and freedoms.<br /> 3 A trustee of society balancing the interests of one group against another.<br /> 4 A person relying on shared values and co-operative behaviour opposed to INDIVIDUALISM.<br /><em>Reference</em><br />Plender, J. (1997) A Stake in the Future.<br /> The Stakeholding Solution, London: Nicholas Brealey.
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balance of payments (F4)<br />1 Credits and debits in international transactions 2 The record of the transactions between the residents of one country and the rest of the world in a given time period. The balance of payments is divided into a current account which records trade in goods and services and a capital account. In accounting terms the balance of payments always 'balances', as a surplus or deficit has to be offset by loans granted or received, but the balance does not indicate whether there is an equilibrium between a domestic economy and rest of the world demand. A balance of payments may be in deficit in the 'STOCK' sense of a country switching from cash balances into stocks of commodities, or in the 'FLOW' sense of a country spending more than its income, a more serious type of deficit. There have been changes in the presentation of the UK balance of payments accounts. Before 1970, the equation used was visible + invisible balance = current balance + balance of long-term capital = basic balance + balancing item + balance of monetary movements =0. From 1970 to 1980, it was visible + invisible balance = current balance + balance of private and other autono- mous capital flows + balancing item =total currency flow+ allocation of special drawing rights - gold subscription to the IMF + total official financing = 0.After 1980, it has been visible + invisible balance = current balance + total investment and other capital transactions + balancing item + allocation of special drawing rights - gold subscription to the IMF = total official financing + methods of financing =0 The US balance of payments consists of: exports of goods and services + transfer of goods and services under US military grants netimports of goods and services US military grants of goods and services netunilateral transfers (excluding military grants) net US assets abroad net (increase/capital outflow) + foreign assets in the USA net (increase/ capital inflow) + allocations of special drawing rights + balances of the above subaccounts.<br /><em>See also:</em> accounting balance of payments; balance of payments equilibrium; fundamental equilibrium; market balance of payments<br /><em>Reference</em><br />Central Statistical Office (annual) UK Balance of Payments, London: HMSO. <br />Stem, R.M. (1973) The Balance of Payments, London: Macmillan.<br /> Thirlwall, A.P. (1986) Balance of Payments Theory and the United Kingdom Experience, London: Macmillan.
<strong>LOA</strong> – Leave of Absence, an approved break in enrollment, not including a regularly scheduled semester break or spring break, that is requested by the student and approved by the school. The student' s request must be in writing and must include the reason for the leave. An LOA cannot exceed 180 days in any 12-month period.
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