|
|
Asset substitution |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Asset substitutionOccurs when a firm invests in assets that are riskier than those that the debtholders expected.Asset substitution Similar MatchesNo SubstitutionNo SubstitutionWithin the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee. Same day substitutionSame day substitutionOffsetting changes in a margin account during the day that result in no overall change in the balance of the account. Substitution effectSubstitution effectThat portion of the effect of price on quantity demanded that reflects the changed tradeoff between the good and other alternatives. Contrasts with income effect. Substitution swapSubstitution swapA swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but that offers a higher yield. Constant elasticity of substitution functionConstant elasticity of substitution functionSee CES function Further SuggestionsMarginal rate of substitutionImport substitution development strategy Import substitution Elasticity of substitution |
|
|
|