Glossary | Interreg Caraïbes


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bank charges

Bank charges are fees levied on an account by a financial institution. A bank charge can result from the account holder not maintaining a minimum balance, for overdrafts, or from any of a wide variety of other banking activities and actions. Also called bank fee.

frais bancaires
bank guarantee

A bak guarantee is a type of guarantee in which a bank or other lending organisation promises to repay the liabilities of a debtor in the event that the debtor is unable to.

garantie bancaire
bank statement

A bank statement is a report released (on a fixed date every month) by banks that lists deposits, withdrawals, checks paid, interest earned, and service charges or penalties incurred on an account. It shows the cumulative effect of these transactions the account's balance, up to the date the report was prepared.

relevé de compte bancaire

A beneficiary is a project partner that receives programme co-financing for the expenditure related to their activities in the project.


A benefit is a measurable improvement resulting from an outcome perceived as an advantage by one or more stakeholders.

body governed by public law

A body governed by public law is any legal body governed by public or private law: – established for the specific purpose of meeting needs in the general interest, not having an industrial or commercial character , and – having legal personality, and – either financed, for the most part, by the State, regional or local authorities, or other bodies governed by public law, or subject to management supervision by those bodies, or having an administrative, managerial or supervisory board, more than half of whose members are appointed by the State, regional or local authorities or by other bodies governed by public law.

organisme de droit public
border region

A border region is a territorial entity made of several local or regional authorities that are co-located yet belong to different nation states.

région frontalière
budget breakdown

Budget breakdown is a process of dividing the cost of something into the different parts that make up the total amount, according to who is doing the work and to which budget lines the costs belong.

ventilation du budget
budget ceiling

The budget ceiling is the upper limit of available budget, in terms of total budget per project, per partner, budget per workpackage or budget per reporting period.

plafond budgétaire
budget line

A budget line is a set of cost centres that facilitates reporting on expenditure and revenue. Each cost item can be allocated to one budget line only, according to the nature of the cost. HIT budget lines integrate the five categories of costs defined in Article 18 ETC Regulation (EU) 1299/2013.NOTE: HIT uses the term budget line; it is equivalent to the term category of expenditure used in the regulations.

ligne budgétaire
budget modification

A budget modification is a change of the agreed-upon project budget as defined by the approved application form.

modification budgétaire