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First order condition |
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First order conditionOne 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.Similar MatchesConditional sales contractsConditional sales contractsSimilar to equipment trust certificates, except that the lender is either the equipment manufacturer or a bank or finance company to which the manufacturer has sold the conditional sales contract. Conditional call optionsConditional call optionsA protective guarantee that, in the event a high yield bond is called, the issuing corporation will ../../finance-glossary/ the bond with a noncallable bond of the same life and terms as the bond that is being called. Bargain conditions applyBargain conditions applyA term used by the London Stock Exchange to denote that certain conditions were agreed between the two participants at the time of trading. Marshall-Lerner conditionMarshall-Lerner conditionThe condition that sum of the elasticities of demand for exports and imports exceed one (in absolute value); that is, hX + hM > 1, where hX, hM are the demand elasticities for a country's exports and imports respectively, both defined to be positive for downward sloping demands. Under certain assumptions, this is the condition for a depreciation to improve the trade balance, for the exchange market to be stable, and for international barter exchange to be stable. Statement of conditionStatement of conditionA document describing the status of assets, liabilities, and equity of a person or business at a particular time. Further SuggestionsConditional insuranceConditionality Condition of the sale Report of Condition and Income Technical condition of a market CC and Rs (Covenants, Conditions and Restrictions) Conditional Sales Contract |
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