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Substitution swap |
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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 MatchesSame day substitutionSame day substitutionOffsetting changes in a margin account during the day that result in no overall change in the balance of the account. 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. Substitution 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. Constant elasticity of substitution functionConstant elasticity of substitution functionSee CES function Asset substitutionAsset substitutionOccurs when a firm invests in assets that are riskier than those that the debtholders expected. Further SuggestionsElasticity of substitutionMarginal rate of substitution Import substitution No Substitution |
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