Sour bond


 

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Sour bond

A bond issue that has defaulted on interest or principal payments, and will thus trade at a large discount and a poor credit rating.



Sour bond

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Outsourcing

Outsourcing

1. Performance of a production activity that was previously done inside a firm or plant outside that firm or plant. 2. Manufacture of inputs to a production process, or a part of a process, in another location, especially in another country. 3. Another term for fragmentation.


Outsource

Outsource

To pay an outside company to produce goods or provide a service rather than using in-house resources for the same purpose.


Resource box

Resource box

(or byline) - information contained in a short paragraph at the end of an article. This might contain the author's email address, the author's credentials and qualifications, the URL of the author's website and a description of their business, etc.


Outsourcing

Outsourcing

Purchasing a significant percentage of intermediate components from outside suppliers.


Natural resource

Natural resource

Anything that is provided by nature, such as deposits of minerals, quality of land, old-growth forests, fish populations, etc. The availability of particular natural resources is an important determinant of comparative advantage and trade in products that depend on them. Natural resources constitute one of the primary factors of production.


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