cash to loan value
exchange rate (F3)<br />The price of a currency in terms of another, e.g. how many US dollars can be bought for one pound sterling. Such rates vary because of changes in the relative demand for different countries' goods and services and because national MONETARY and FISCAL POLICIES are inconsistent with each other. Differences in tax rates and in interest rates cause capital flows that affect
Bullock Committee (J5, L2)<br />UK governmental committee on workers' participation in the management of companies which reported in 1977. The committee, headed by the historian Lord Bullock and consisting of trade unionists, employers and industrial relations experts
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positional good (DO)<br />A GooD whose access is determined by an individual's income relative to others'. Many goods are positional because they are fixed in amount, as is land available for leisure purposes. When an ECONOMY is growing, positional goods assume more importance. There is an increased demand for them but as their supply is fixed economic growth becomes of limited benefit.<br /><em>See also:</em> material good <br /><em>Reference</em><br />Hirsh, F (1977) Social Limits to Growth, London: Routledge & Kegan PauL position-risk capital (G2)<br />That capital of a securities house used to guard against sudden downturns in markets. The past price volatility of a particular type of SECURriY will determine how much position-risk capital is needed to insure against a fall in stock market prices.
free list (F1)<br />Those goods that can be imported into a country without being subject to tariffs and licences.
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