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Loan Preference Principle |
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Loan Preference PrincipleThe theory that a covered loan is less expensive when its cost is calculated in one currency, it will also be less expensive in all other currencies.Loan Preference Principle Similar MatchesPreference for varietyPreference for varietyThe increased utility that people experience when they have access to a larger number of differentiated product varieties. In reality this may reflect their ability to find products more closely suited to their own particular needs, but as modeled in the Dixit-Stiglitz utility function, they are better off consuming small quantities of each of a larger number of products. Weak axiom of revealed preferenceWeak axiom of revealed preferenceThe assumption that a consumer who reveals strict preference for one bundle of goods over another will not, in other circumstances, reveal their preference for the second over the first. That is, if qi, qj are the vectors of goods purchased at prices pi, pj respectively, then piqi>piqj Þ pjqi>pjqj. Used in proving correlation results. Stepped preference sharesStepped preference sharesPreference shares with dividends which increase annually by a specified amount and with a predetermined capital return. Tax preference itemTax preference itemItems that must be included when calculating the alternative minimum tax. Tariff preferenceTariff preferenceA lower (or zero) tariff on a product from one country than is applied to imports from most countries. This violation of the MFN principle is permitted in special cases, including some preferential trade arrangements and the GSP. Further SuggestionsCommunity preferencesInvoluntary liquidation preference Preferences participating preference shares Liquidity preference hypothesis redeemable preference shares Preference share cumulative preference shares Generalized System of Preferences Homothetic preferences Preference stock preference shares Revealed preference Identical preferences |
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