PositiveRefers 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 externalityPositive externality
A 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).
Positive 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.
Positive yield curvePositive yield curve
When long-term debt long-term debt are higher than short-term debt rates (because of the increased long-term debt involved with long-term debt long-term debt).
Positive listPositive list
In 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 value
A positive net present value.
Further SuggestionsPositive convexity
Positive Sum Relationship