Marginal rate of substitution
Marginal rate of substitutionIn a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve.
Same day substitutionSame day substitution
Offsetting changes in a margin account during the day that result in no overall change in the balance of the account.
Import substitution development strategyImport substitution development strategy
A development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth.
No SubstitutionNo Substitution
Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee.
Substitution effectSubstitution effect
That portion of the effect of price on quantity demanded that reflects the changed tradeoff between the good and other alternatives. Contrasts with income effect.
Substitution swapSubstitution swap
A swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but that offers a higher yield.
Further SuggestionsAsset substitution
Constant elasticity of substitution function
Elasticity of substitution