COURNOT COMPETITION
Economic model describing a market situation in which competing companies make the same homogeneous and agree to produce a number of undifferentiated product simultaneously. The model creates numerous assumptions including the firms cannot collude or create a cartel, and seek to maximize profit based on their rivals’ decisions. Also, each company’s output decision is presumed to influence the product price. In 1838, French Mathematician Augustin Cournot introduced the model.
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Highly Leveraged Transaction - HLT
HLT is a loan provided from a financial institution to a company that has a large debt amount already. The existing large amount of debt only means ...
Form 5
A document that must be filed with the Securities and Exchange Commission (SEC) by an insider who has conducted insider transactions during the yea ...
Countersignature
Additional signature from an official or professional on a document that has already been signed. Serving as confirmation or authentication, it is ...
Average Collection Period
The amount of time for a business to receive payments owed.
Primary Regulator
The state or federal agency with main supervisory responsibility for a financial institution. Banks and other financial institutions will have to f ...
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