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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 MatchesStatement of conditionStatement of conditionA document describing the status of assets, liabilities, and equity of a person or business at a particular time. 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. CC and Rs (Covenants, Conditions and Restrictions)CC and Rs (Covenants, Conditions and Restrictions)Limitations placed on the use and enjoyment of real property. These are found most often in condominiums and planned unit developments. Conditional 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 insuranceConditional insuranceThe 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. Further SuggestionsReport of Condition and IncomeConditional Sales Contract Technical condition of a market Conditionality Condition of the sale Conditional call options bargain conditions apply |
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