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Asset substitution |
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Asset substitutionOccurs when a firm invests in assets that are riskier than those that the debtholders expected.Asset substitution Similar MatchesConstant elasticity of substitution functionConstant elasticity of substitution functionSee CES function Marginal rate of substitutionMarginal rate of substitutionIn a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve. 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. No 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. Import substitution development strategyImport substitution development strategyA development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth. Further SuggestionsSubstitution swapImport substitution Substitution effect Elasticity of substitution |
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