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What is a Mandatory Redemption Schedule? The mandatory redemption schedule is a plan that specifies the point at which the issuer of a bond with a sinking fund provision is required to redeem all or part of the outstanding issues of the particular bond prior to its maturity and in accordance with the call or prepayment conditions of the original bon...
1 min reading timeWhat is Private Placement Financing? A private placement refers to a capital raising event which includes selling securities to a really small number of select visitors. Large banks, insurance companies, pension funds, and mutual funds are the various investors that are involved in a private placement. A private placement differs from a public issue...
2 min reading timeHow Motivations Affect the Strategic Orientation and Objectives in Negotiation? Basic motivations (along with other cognitive factors) influence individual behavior. They can also influence an individuals approach to a negotiation or method for achieving a particular outcome. (See our series - concerning Cognitive Aspects of Negotiation for more in...
2 min reading timeWhat is the Clayton Act of 1914? The Clayton Act is an antitrust law passed to protect consumers by providing a means of preventing early-stage anticompetitive practices. It has a specific focus on the sale of commodities. The Clayton Act is more specific in identifying anticompetitive conduct than is the Sherman Act. It also creates exemptions for ...
7 min reading timeWhat is Freedom of Religion? The freedom of religion portion of the 1st Amendment is made up of the Establishment Clause and the Free Exercise Clause. The 1st Amendment states that, Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof. What is the Establishment Clause? The first provision for ...
1 min reading timeWhat is a Generation-Skipping Transfer Tax (GSTT)? Generation-skipping transfer tax (GSTT) refers to a federal tax that comes up when there is property transfer in the form of an inheritance or a gift to a beneficiary who should be younger than the donor by at least 37.5 years. Note that the receiver of the gift or inheritance does not have to be a ...
3 min reading timeWhat is Covariance? Covariance is a metric used in statistics and probability theory to measure the directional relationship between the returns of two risky assets (two variables). What the metric does is to evaluate to what extent and how much the variables move together. However, it does not measure the dependency between those variables. How doe...
2 min reading timeWhat is Price in Economics? Price is what a buyer pays for a single unit (or batch) of a specific good or service. Price is a proxy for value. What is the Theory of Price? The theory of price is a theory which states that the price for goods and services is determined by economic forces such as supply and demand. According to this theory, the relat...
2 min reading timeWhat is the Full Faith and Credit Clause? Article IV, Section 1 of the US Constitution states, Full faith and credit shall be given in each state to the public Acts, Records, and judicial proceedings of every other state. This is known as the Full Faith & Credit Clause. What does the Full Faith and Credit Clause mean? Restated, Article IV requi...
0 min reading timeWhat is the Substitution Effect? The substitution effect is an economic concept based on how a change in the prices of goods or a change in income affects the number of goods demanded by consumers. When there is an increase in the prices of goods or decline in the income earned by consumers, their purchase trends change in such a way that they begin...
2 min reading time