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Marshall-Lerner condition |
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Marshall-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.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. Statement of conditionStatement of conditionA document describing the status of assets, liabilities, and equity of a person or business at a particular time. Condition of the saleCondition of the saleThis is a legally binding clause in the contract of the property sale. A buyer may insist upon the removal of the ridiculous garish carpets in a house, as a condition of the sale, or insist that some minor repair work is completex before the transaction is finalised. Conditional sales contractsConditional sales contractsSimilar to equipment trust certificates, except that the lender is either the equipment manufacturer or a bank or finance company to which the manufacturer has sold the conditional sales contract. 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. Further SuggestionsReport of Condition and IncomeConditionality First order condition CC and Rs (Covenants, Conditions and Restrictions) Technical condition of a market Conditional insurance bargain conditions apply |
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