|
|
Substitution swap |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Substitution swapA swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but that offers a higher yield.Substitution swap Similar MatchesSubstitution effectSubstitution effectThat portion of the effect of price on quantity demanded that reflects the changed tradeoff between the good and other alternatives. Contrasts with income effect. Asset substitutionAsset substitutionOccurs when a firm invests in assets that are riskier than those that the debtholders expected. Marginal rate of substitutionMarginal rate of substitutionIn a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve. Import substitution development strategyImport substitution development strategyA development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth. Same day substitutionSame day substitutionOffsetting changes in a margin account during the day that result in no overall change in the balance of the account. Further SuggestionsElasticity of substitutionImport substitution No Substitution Constant elasticity of substitution function |
|
|
|