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Adjustment bond |
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Adjustment bondA bond issued in exchange for outstanding bonds when a corporation facing bankruptcy is recapitalized.Adjustment bond Similar MatchesStructural adjustmentStructural adjustmentThe reallocation of resources (labor and capital) among sectors of the economy in response to changing economic circumstances, including trading conditions, or changes in policy. Balance of payments adjustment mechanismBalance of payments adjustment mechanismAny process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism. Border tax adjustmentBorder tax adjustmentRebate of indirect taxes (taxes on other than direct income, such as a sales tax or VAT) on exported goods and levying of them on imported goods. May distort trade when tax rates differ or when adjustment does not match the tax paid. International adjustment processInternational adjustment process1. Any mechanism for change in international markets. 2. The mechanism by which payments imbalances diminish under pegged exchange rates and nonsterilization. Similar to the specie flow mechanism, exchange-market intervention causes money supplies of surplus countries to expand and vice versa, leading to price and interest rate changes that correct the current and capital account imbalances. Structural adjustment programStructural adjustment programThe list of budgetary and policy changes required by the IMF and World Bank in order for a developing country to qualify for a loan. This "conditionality" typically includes reducing barriers to trade and capital flows, tax increases, and cuts in government spending. Further Suggestionshigher rate adjustmentCumulative Translation Adjustment (CTA) account Adjustment assistance Trade adjustment assistance Walrasian adjustment Adjustment mechanism Adjustment date Marshallian adjustment |
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