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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 MatchesImport substitutionImport substitutionA strategy for economic development that replaces imports with domestic production. It may be motivated by the infant industry argument, or simply by the desire to mimic the industrial structure of advanced countries. Contrasts with export promotion. 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. Constant elasticity of substitution functionConstant elasticity of substitution functionSee CES function 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. 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. Further SuggestionsMarginal rate of substitutionImport substitution development strategy Elasticity of substitution Substitution effect |
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