LANCASTER UNIVERSITY MANAGEMENT SCHOOL - LUMS
Lancaster University’s international business school, which was founded in 1964. Situated in Lancaster England, the business school is considered the best school in the United Kingdom because of its business and management research; as well as ranked 4th in delivering the best ‘value for money’. It has eight academic departments that ranges from accounting, business studies, finance, marketing and advertising, and economics.
LUMS is part of Financial Times’ Top 100 Global Full-time MBA programmes (ranked 71st) and Forbes’ Top 24 Best Business Schools (ranked 12th) rankings.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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