RESIDENCE


Meaning of RESIDENCE in English

The location (dwelling, place of production or other premises) within the economic territory of a country, from which an institutional entity engages and intends to continue engaging (indefinitely or for a finite period of, as a rule, one year or more) in economic activities and transactions on a significant scale.

See also:

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.