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9 Results for Tag: words

Implied Contract

DefinitionA quasi-contract is a fictional contract recognised by a court. The notion of a quasi-contract can be traced to Roman law and is still a concept used in some modern legal systems.

Old Economy

DefinitionOld Economy Village is a historic settlement in Ambridge, Beaver County, Pennsylvania, United States. Administered by the Pennsylvania Historical and Museum Commission, it lies on

Backwardation

DefinitionNormal backwardation, also sometimes called backwardation, is the market condition wherein the price of a commodities' forward or futures contract is trading below the expected spo

Fiat Money

DefinitionFiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because

Price-to-Book Ratio

Price-to-Book Ratio The price-to-book ratio, also known as P/B ratio or price-to-equity ratio, is a type of financial ratio which is primarily used to compare the organization’s net assets

Pari-passu

DefinitionPari passu is a Latin phrase that literally means "with an equal step" or "on equal footing". It is sometimes translated as "ranking equally", "hand-in-hand", "with equal force", o

Law Of Supply

DefinitionThe law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied.

Macaroni Defense

Macaroni Defense What is 'Macaroni Defense' An approach taken by a company that does not want to be taken over. The company issues a large number of bonds with the condition they must be r

Habendum Clause

DefinitionA habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee. Habendum Clause What is 'Habendum Clause' A