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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 MatchesInternational 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 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. Marshallian adjustmentMarshallian adjustmentA market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price. 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. Adjustment assistanceAdjustment assistanceGovernment program to assist those workers and/or firms whose industry has declined, either due to competition from imports (trade adjustment assistance) or from other causes. Such programs usually have two (conflicting) goals: to lessen hardship for those affected and to help them change their behavior -- what, how, or where they produce. Further SuggestionsAdjustment datehigher rate adjustment Balance of payments adjustment mechanism Walrasian adjustment Structural adjustment program Trade adjustment assistance Adjustment mechanism Cumulative Translation Adjustment (CTA) account |
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