First order condition
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.
Marshall-Lerner conditionMarshall-Lerner condition
The 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.
Conditional insuranceConditional insurance
The borrower must sign up to one or more insurance policy with the lender in order to take out a specific mortgage. Check that the insurance premiums are competitive.
The requirements imposed by the IMF and World Bank on borrowing countries to qualify for a loan, typically including a long list of budgetary and policy changes comprising a structural adjustment program.
Condition of the saleCondition of the sale
This is a legally binding clause in the contract of the property sale. A buyer may insist upon the removal of the ridiculous garish carpets in a house, as a condition of the sale, or insist that some minor repair work is completex before the transaction is finalised.
Statement of conditionStatement of condition
A document describing the status of assets, liabilities, and equity of a person or business at a particular time.
Further SuggestionsCC and Rs (Covenants, Conditions and Restrictions)
Conditional sales contracts
Conditional call options
bargain conditions apply
Conditional Sales Contract
Technical condition of a market
Report of Condition and Income