ECB glossary

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P

premium
The difference between the par value of a security and its price when such price is higher than par.
price stability
The primary objective of the Eurosystem, which has been defined by the Governing Council as a year-on-year increase in consumer prices (as measured by the HICP) for the euro area that is below but close to 2% over the medium term.
private sector credit flow
Annual transactions on debt securities issued and loans taken out by non-financial corporations and households (including non-profit institutions serving households). The private sector credit flow-to-GDP ratio is defined as the ratio of private sector credit flow to GDP at current market prices.
private sector debt
Outstanding amounts at the end of the year of securities issued and loans taken out by non-financial corporations and households (including non-profit institutions serving households). The private sector debt-to-GDP ratio is defined as the ratio of private sector debt to GDP at current market prices.
provisions
Amounts set aside before arriving at the profit and loss figure in order to provide for any known or expected liability or risk, the cost of which cannot be accurately determined.