TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

The theory holding that if two kinds of money in circulation have the same denominational value but different intrinsic values, the money with higher intrinsic value will be hoarded and eventually driven out of circulation by the money with lesser intrinsic value.  2, record 1, English, - Gresham%27s%20law

Record number: 1, Textual support number: 1 CONT

Even if all countries went on the same 16/1 ratio, any tendency for mines to pour out the two metals at substantially different rates would lead to the free market's bidding their price ratios to some figure other than 16/1; and in this case, by a form of what is known as Gresham's Law-"Cheap money drives out good"-the result would be that the cheapest metal in the market place would all be given to Treasuries of the different countries, and in effect the world be on a single standard again-that of the cheapest metal.  3, record 1, English, - Gresham%27s%20law

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Observation du fait que, lorsque deux monnaies métalliques circulent concurremment (bimétallisme), la «mauvaise» (celle qui inspire le moins confiance) chasse la «bonne» (qui disparaît car on la thésaurise). Inéluctablement, le monométallisme finit par s'imposer de lui-même.  2, record 1, French, - loi%20de%20Gresham

Record number: 1, Textual support number: 2 DEF

Loi monétaire selon laquelle la «mauvaise monnaie chasse la bonne».  3, record 1, French, - loi%20de%20Gresham

Record number: 1, Textual support number: 1 CONT

Les conditions d'apparition du phénomène [de la loi de Gresham] peuvent tenir à la circulation de deux monnaies d'un même métal, mais dont l'une est suspecte (moins riche en métal, moins appréciée...); la circulation de deux monnaies de deux métaux différents d'inégale réputation; la circulation d'un papier-monnaie inconvertible et d'une monnaie métallique.  3, record 1, French, - loi%20de%20Gresham

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 OBS

Según esta ley, si existen dos tipos diferentes de moneda en circulación, la "moneda mala" (la más débil) finalmente expulsará de la circulación a la buena. Esta ley fue formulada por el inglés Thomas Gresham (1519-1579), quien, como resultado de un estudio que realizó sobre los patrones y sistemas monetarios, llegó a la conclusión de que tiene validez histórica. La buena moneda es retirada de la circulación y atesorada por su valor intrínseco.  2, record 1, Spanish, - Ley%20de%20Gresham

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

The late 1980s were the height of Japan's "bubble economy, "when soaring land prices and cheap credit sent the Nikkei into the stratosphere, turning thousands of people into paper millionaires. The Nikkei topped out at 38, 915. 87 on Dec. 29, 1989. Since then tighter money policy and a mild recession have punctured the bubble. The value of stocks dropped by equivalent of over $2. 8 trillion Cdn, more than half, in a generally gradual decline that has lasted 2 1/2 years.  2, record 2, English, - bubble%20economy

Record 2,  Textual support,  French

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

[have] continued holding financial assets... while self-proclaimed financial geniuses acquired appreciating hard assets using cheap borrowed money.  1, record 3, English, - hard%20assets

Record 3,  Textual support,  French

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

A lot of cheap money and availability of highly leveraged loans resulted in high land prices.  1, record 4, English, - highly%20leveraged%20loan

Record number: 4, Textual support number: 1 OBS

In this case, the ratio of debt to equity is very high, and the borrower does not have many assets to pledge as security.  2, record 4, English, - highly%20leveraged%20loan

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 OBS

Le Comité de terminologie française de l'Ordre des comptables agréés du Québec recommande l'expression «à fort levier financier» pour décrire le rapport entre les capitaux empruntés et les capitaux propres.  1, record 4, French, - pr%C3%AAt%20%C3%A0%20faible%20garantie

Record 4,  Textual support,  Spanish