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Second market |
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Second marketThe OTC market.Second market Similar MatchesSecond-best argument for protectionSecond-best argument for protection1. Any argument for protection that can be countered by pointing to a different and less distortionary policy that would achieve the same desired result at lower economic cost. 2. An argument for protection to partially correct an existing distortion in the economy when the first-best policy for that purpose is not available. For example, if domestic production generates a positive externality and a production subsidy to internalize it is not available, then a tariff may be second-best optimal. Second to die insuranceSecond to die insuranceInsurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes. Secondary FinancingSecondary FinancingA loan secured by a mortgage or trust deed, which lien is junior (secondary) to another mortgage or trust deed. Second mortgageSecond mortgageThe taking out of a mortgage on a property which is already mortgaged. This can be used to raise capital if the property has significantly increased in value and would involve finance companies rather than banks or building societies. Since the first mortgagee (lender) usually holds the deeds of the property, the second mortgagee will carry a higher risk and thus charges a considerably higher rate of interest. Second pass regressionSecond pass regressionA cross-sectional regression of portfolio returns on betas. The estimated slope is the measurement of the reward for bearing systematic risk during the period analyzed. Further SuggestionsSecondary tariffsSpot secondary Secondary distribution or offering Second Mortgage Second preferred stock Second best secondary market Secondary issue State Second Pension Secondary Offering Second round Theory of second best Secondary market Secondary mortgage market Forfaiter (Secondary) Second theorem of welfare economics Registered secondary offering second hand endowment Secondary Mortgage Market Second mortgage lending |
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