Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) is one of four institutions created by Beijing in what some see as an attempt to create a Sino-centric financial system to rival western dominated institutions set up after the second world war.

The other institutions are the New Development Bank (better known as the Brics bank) and a contingent reserve arrangement, seen as alternatives to the World Bank and the International Monetary Fund; and a proposed Development Bank of the Shanghai...