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Second round |
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Second roundStage of venture capital financing following the start-up and first round stages and before the mezzanine level stage.Second round Similar MatchesSecond bestSecond bestRefers to what is the optimal policy when the true optimum (the first best) is unavailable due to constraints on policy choice. The Theory of Second Best says that a policy that would be optimal without such constraints (such as a zero tariff in a small country) may not be second-best optimal if other policies are constrained. See Lipsey and Lancaster (1956). Second preferred stockSecond preferred stockPreferred stock issue that has less priority in claiming dividends and assets in liquidation than another issue of preferred stock. Second-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 MortgageSecond MortgageA mortgage which ranks after a first mortgage in priority. Properties may have two, three, or more Mortgages, deeds of trust, or land contracts, as liens at the same time. Legal priority would determine whether they are called a first, second, third, etc. lien. Forfaiter (Secondary)Forfaiter (Secondary)An individual or financial entity that buys or sells the payment obligations of the importer/ guarantor. Further SuggestionsSecondary mortgage marketSecondary Mortgage Market Second market State Second Pension Spot secondary Second to die insurance Second pass regression Secondary distribution or offering Secondary Offering second mortgage Registered secondary offering Second theorem of welfare economics Theory of second best secondary market Secondary tariffs second hand endowment Secondary market Second mortgage lending Secondary issue Secondary Financing |
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