Scale Economies is the reduction in per-unit costs achievable by spreading fixed costs over a higher level of production.
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Acceptor is the person who accepts a Bill of Exchange drawn on him/her.
- Financial distress
Financial distress is that financial situation when a firm cann't meet or has difficulty paying off its financial obligations to its creditors, or a firm's operating cash flows are not sufficient to satisfy current liabilities.
- Debt-for–equity swaps
Debt-for–equity swaps is the financial device used for some troubled international loans in which lenders agree to accept shares of stock in
- British Columbia Hydroelectric and Power Authority (BC Hydro)
British Columbia Hydroelectric and Power Authority (BC Hydro) is a Provincial Crown Corporation, a wholly owned subsidiary of the British Columbia.
- Costly state verification
Costly state verification means monitoring a firm’s activities, an expensive process in both time and money.
- Duration gap
Duration gap is the difference between the duration of a bank’s assets and the duration of its liabilities.
Stock is a security that is a claim on the earnings and assets of a company.