OPTIMAL CURRENCY AREA
An area in which common currency will improve economic efficiency, based on a theory credited to Robert Mundell.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An area in which common currency will improve economic efficiency, based on a theory credited to Robert Mundell.
Production level resulting in the lowest cost per unit.
The cost of using a resource to acquire one thing instead of another. As all resources can be used in multiple ways, using them in one way invariably involves some opportunity cost.
A legal outcome that automatically occurs whether or not the affected party intends it to.
Situation in which a company is producing a high quantity of goods at the lowest possible cost per unit.
Explicit instruction not to send marketing materials to an individual.
On this date, payment is necessary for reservation purposes.
A buyer of options who has yet to exercise or sell an option.
In a contract, this clause allows the buyer, obligor or a lessee to renew a concluded contract for another term.
A trader who sells call options or put options, and must perform as instructed by the option buyer.
The solution that best utilizes available resources to achieve the company?s aims. No amount of tinkering will improve such a solution. Such solutions are difficult to ascertain statistically and are normally generated
A dividend that may be paid to a shareholder in the form of cash or additional shares.
The wage employers can pay workers under 20 years of age. Although lower than minimum wage, there are several restrictions on its use.
The largest quantity of instruction a trainee or student can digest, without experiencing some loss of motivation or instructional uptake.
The deliverer of option rights to an optionee.
An instruction to buy shares at a set price or lower, or to sell shares at a set price or higher.
Term used for second hand items that describes limited scope for negotiation with the buyer.
The simultaneous buying and selling of multiple options on the same underlying asset.
A contract that minimizes costs for all parties involved.
Statements that are given orally by an attorney, either in defense of a client or to rebut the opposing party?s statements.