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Positive float |
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Positive floatSee: FloatPositive float Similar MatchesPositive covenant (of a bond)Positive covenant (of a bond)A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. PositivePositiveRefers to "what is," in contrast to normative which involves value judgments as to "what ought to be." The word is not, in this use, the opposite of either "negative" or "harmful." Positive listPositive listIn an international agreement, a list of those items, entities, products, etc. to which the agreement will apply, with no commitment to apply the agreement to anything else. Contrasts with negative list. Extraordinary positive valueExtraordinary positive valueA positive net present value. Positive externalityPositive externalityA beneficial externality; that is, a beneficial effect of one economic agent's actions on another. Considered a distortion because the first agent has inadequate incentive to act. Examples are the attractiveness of well-kept farms for the tourism industry (a production externality) and reduced contagion of disease due to vaccines (a consumption externality). Further SuggestionsPositive Sum RelationshipPositive carry Positive convexity Positive yield curve |
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