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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 ContractConditional Sales ContractA sale in which the title to property or goods remains with the seller until the purchaser has fulfilled the terms of the contract, usually payment in full. 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. Technical condition of a marketTechnical condition of a marketDemand and supply factors affecting price, in particular, the net position, either net position or net position, of the net position community. 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. ConditionalityConditionalityThe 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. Further SuggestionsConditional insuranceCondition of the sale Report of Condition and Income Statement of condition bargain conditions apply CC and Rs (Covenants, Conditions and Restrictions) Conditional sales contracts |
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