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First best

See second best.



Similar Matches

First order condition

First order condition

One of the mathematical necessary conditions for maximization, used routinely in solving economic models. Typically, it consists of setting equal to zero the derivative of the function being maximized (or its Lagrangian) with respect to a variable that can be controlled.


First Refusal Right

First Refusal Right

A right, usually given by an owner to a lessee, which gives the lessee a first chance to buy the property if the owner decides to sell. The owner must have a legitimate offer which the lessee can match or refuse. It the lessee refuses, the property can then be sold to the offeror.


First preferred stock

First preferred stock

A type of preferred stock that has priority over other preferred issues and common stock when claiming dividends and assets.


First mover advantage

First mover advantage

The advantage that a firm or country may derive from being the first to enter a market, or from being the first to use a new technology, advertising technique, etc.


First market

First market

Exchange-traded securities.


Further Suggestions

First mortgage
First degree homogeneous
First charge
First theorem of welfare economics
Right of first refusal
First call date
first mortgage
First Mortgage
First User
first death insurance
Perfected first lien
First time buyer
first closing date
First call
first notice day
First pass regression
First mortgage
First In, First Out (FIFO)
Last in, first out (LIFO)


 
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