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.
Statement of conditionStatement of condition
A document describing the status of assets, liabilities, and equity of a person or business at a particular time.
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.
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.
Bargain conditions applyBargain conditions apply
A term used by the London Stock Exchange to denote that certain conditions were agreed between the two participants at the time of trading.
Further SuggestionsConditional Sales Contract
Conditional sales contracts
Conditional call options
Condition of the sale
Technical condition of a market
Report of Condition and Income