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Day-fine
A day-fine, unit fine or structured fine is a pecuniary sanction which is based on the severity of the offence as well as the income (or wealth) of the offender. The fine amount is calculated by determining the number of days based on the severity of the violation—the more severe the violation, the greater the number of days imposed. The daily unit, which represents how much is paid per day, is a standardized portion of an individual's daily income, ensuring equal proportional impact across all offenders. The total fine is the product of the number of days and the daily unit. The rationale behind this type of fine is to create a fining system which equalises the burden of the punishment on the offenders, irrespective of their income. It has been introduced in different countries for a variety of reasons: to replace a short-term imprisonment sentence, to make the finding system more fair across different income groups, to enhance deterrence. The day fine system is practices ...
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Fine (penalty)
A fine or mulct (the latter synonym typically used in Civil law (common law), civil law) is a penalty of money that a court of law or other authority decides has to be paid as punishment for a crime or other Offense (law), offense. The amount of a fine can be determined case by case, but it is often announced in advance. The most usual use of the term is for financial punishments for the commission of crimes, especially minor crimes, or as the settlement (law), settlement of a Claim (legal), claim. One typical example of a fine is money paid for violations of traffic laws. In English law, English common law, relatively Standard scale, small fines are used either in place of or alongside community service orders for low-level criminal offences. More considerable fines are also given independently or alongside shorter prison sentences when the judge or magistrate considers a large amount of retribution is necessary, but there is unlikely to be a significant danger to the public. ...
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Maarit Toivanen
Maarit Toivanen (previously Toivanen-Koivisto; born 27 December 1954) is a Finnish business executive and investor, notable for being only the second woman to receive Finland's highest civilian honorary title of . Early life and education Maarit Toivanen was born in Helsinki as the youngest daughter of the family owning the Finnish building materials wholesaler , which had been set up in 1913 by her great-grandfather, Alfred Onninen. She was raised in the upmarket Ullanlinna district of Helsinki, and was privately educated, graduating from the secondary school in 1973. Following some post-secondary business studies in Finland, Toivanen went on to study economics and finance at Uppsala University in Sweden, graduating in 1978. Business career After her studies, Toivanen joined the family business, and over the years worked in various functions including sales, purchasing, product management, quality and finance. Following the death in 2000 of her father, Erkki J. Toivanen, ...
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Staten Island
Staten Island ( ) is the southernmost of the boroughs of New York City, five boroughs of New York City, coextensive with Richmond County and situated at the southernmost point of New York (state), New York. The borough is separated from the adjacent state of New Jersey by the Arthur Kill and the Kill Van Kull and from the rest of New York by New York Bay. With a population of 495,747 in the 2020 United States census, 2020 Census, Staten Island is the least populated New York City borough but the third largest in land area at ; it is also the least densely populated and most suburban borough in the city. A home to the Lenape Native Americans, the island was settled by Dutch colonists in the 17th century. It was one of the 12 original counties of New York state. Staten Island was City of Greater New York, consolidated with New York City in 1898. It was formerly known as the Borough of Richmond until 1975, when its name was changed to Borough of Staten Island. Staten Island has so ...
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Magistrate
The term magistrate is used in a variety of systems of governments and laws to refer to a civilian officer who administers the law. In ancient Rome, a '' magistratus'' was one of the highest ranking government officers, and possessed both judicial and executive powers. In other parts of the world, such as China, magistrate is a word applied to a person responsible for administration over a particular geographic area. Today, in some jurisdictions, a magistrate is a judicial officer who hears cases in a lower court, and typically deals with more minor or preliminary matters. In other jurisdictions (e.g., England and Wales), magistrates are typically trained volunteers appointed to deal with criminal and civil matters in their local areas. Original meaning In ancient Rome, the word '' magistratus'' referred to one of the highest offices of state. Analogous offices in the local authorities, such as '' municipium'', were subordinate only to the legislature of which they generally ...
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England And Wales
England and Wales () is one of the Law of the United Kingdom#Legal jurisdictions, three legal jurisdictions of the United Kingdom. It covers the constituent countries England and Wales and was formed by the Laws in Wales Acts 1535 and 1542. The substantive law of the jurisdiction is English law. The Welsh devolution, devolved Senedd (Welsh Parliament; ) – previously named the National Assembly for Wales – was created in 1999 under the Government of Wales Act 1998 and provides a degree of Self-governance, self-government in Wales. The powers of the legislature were expanded by the Government of Wales Act 2006, which allows it to pass Welsh law, its own laws, and the Act also formally separated the Welsh Government from the Senedd. There is currently no Devolved English parliament, equivalent body for England, which is directly governed by the parliament and government of the United Kingdom. History of jurisdiction During the Roman occupation of Britain, the area of presen ...
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Switzerland
Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Swiss Alps, Alps and the Jura Mountains, Jura; the Alps occupy the greater part of the territory, whereas most of the country's Demographics of Switzerland, 9 million people are concentrated on the plateau, which hosts List of cities in Switzerland, its largest cities and economic centres, including Zurich, Geneva, and Lausanne. Switzerland is a federal republic composed of Cantons of Switzerland, 26 cantons, with federal authorities based in Bern. It has four main linguistic and cultural regions: German, French, Italian and Romansh language, Romansh. Although most Swiss are German-speaking, national identity is fairly cohesive, being rooted in a common historical background, shared ...
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Macanese Pataca
The Macanese pataca or Macau pataca ( zh, t=澳門元, cy=Oumún yùhn; ; sign: MOP$; ISO code: MOP) is the currency of Macau. It is subdivided into 100 ''avos'' (; ''sin''), with 10 avos called ''ho'' () in Cantonese. Macau has a currency board system under which the pataca is 100 per cent backed by foreign exchange reserves, in this case currently the Hong Kong dollar (itself backed by the United States dollar). Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP 1.03, and without limit. History The Spanish dollar was in wide use in Asia and the Americas between the 16th to 20th centuries, and was imported by China in large quantities. They were typically minted in Mexico and then brought to the Philippines as part of the Spanish East Indies through the Manila-Acapulco galleon trade to be traded and circulated a ...
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Klaus Bremer
Klaus is a German, Dutch and Scandinavian given name and surname. It originated as a short form of Nikolaus, a German form of the Greek given name Nicholas. Notable persons whose family name is Klaus * Billy Klaus (1928–2006), American baseball player * Chris Klaus (born 1973), American entrepreneur * Felix Klaus (born 1992), German football player, son of Fred Klaus * Frank Klaus (1887–1948), German-American boxer, 1913 Middleweight Champion * Fred Klaus (born 1967), German football player and manager, father of Felix Klaus *Josef Klaus (1910–2001), Chancellor of Austria 1966–1970 *Karl Ernst Claus (1796–1864), Russian chemist *Václav Klaus (born 1941), Czech politician, former President of the Czech Republic * Walter K. Klaus (1912–2012), American politician and farmer Notable persons whose given name is Klaus * Brother Klaus, Swiss patron saint * Klaus Augenthaler (born 1957), German football player and manager * Klaus Badelt (born 1967), German composer *Kl ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ...
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Giro (banking)
A giro transfer, often shortened to giro (), is a payment transfer between Transaction account, current bank accounts and initiated by the payer, not the payee. The debit card has a similar model. Giros are primarily used in Europe; although electronic payment systems exist in the United States (e.g., the Automated Clearing House), it is not possible to perform third-party transfers with them. In the European Union, the Single Euro Payments Area (SEPA) allows electronic giro or debit card payments in euros to be executed to any euro bank account in the area. Name The word "giro" is borrowed from Dutch language, Dutch and/or German language, German , which are both from the Italian language, Italian meaning "circulation of money". The Italian term comes via the Latin meaning "gyre" from the Greek meaning "circle". History and concept Giro systems originated in Ptolemaic Egypt in the 4th century BCE, where state granary deposits functioned as an early banking system with ...
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