First order condition


 

Home
Site Map
Add Term
Search
About Us
Contributors

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.



Similar Matches

Conditional insurance

Conditional 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. 


Statement of condition

Statement of condition

A document describing the status of assets, liabilities, and equity of a person or business at a particular time.


Technical condition of a market

Technical condition of a market

Demand and supply factors affecting price, in particular, the net position, either net position or net position, of the net position community.


Conditionality

Conditionality

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.


Conditional Sales Contract

Conditional Sales Contract

A 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.


Further Suggestions

CC and Rs (Covenants, Conditions and Restrictions)
Condition of the sale
Marshall-Lerner condition
Report of Condition and Income
Conditional sales contracts
Conditional call options
bargain conditions apply


 
All rights Reserved. Do not copy without permission.