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Examples of deductible damages include large or excessive holes in the wall, carpet stains, and broken doors and windows. [6] [7] If a landlord wrongfully withholds a tenant's security deposit, the tenant may be entitled to additional damages beyond the amount of the security deposit.
A direct extension, then, is the concept of a state price security, also called an Arrow–Debreu security, a contract that agrees to pay one unit of a numeraire (a currency or a commodity) if a particular state occurs ("up" and "down" in the simplified example above) at a particular time in the future and pays zero numeraire in all the other ...
The price of this security is the state price of this particular state of the world. The state price vector is the vector of state prices for all states. [1] See Financial economics § State prices. An Arrow security is an instrument with a fixed payout of one unit in a specified state and no payout in other states. [2]
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In finance, maturity or maturity date is the date on which the final payment is due on a loan or other financial instrument, such as a bond or term deposit, at which point the principal (and all remaining interest) is due to be paid. [1] [2] [3] Most instruments have a fixed maturity date which is a specific date on which the instrument matures ...
Loans create deposits: for the banking system as a whole, drawing down a bank loan by a non-bank borrower creates new deposits (and the repayment of a bank loan destroys deposits). So while the quantity of bank loans may not equal deposits in an economy, a deposit is the logical concomitant of a loan – banks do not need to increase deposits ...
As an example, might represent currency plus deposits in checking and savings accounts held by the public, real output (which equals real expenditure in macroeconomic equilibrium) with the corresponding price level, and the nominal (money) value of output. In one empirical formulation, velocity was taken to be "the ratio of net national product ...
The price vector depends on the initial allocation. E.g., if the initial allocation is equal, [(3,3);(3,3)], then both agents have the same budget in CE, so = =. This CE is essentially unique: the price vector may be multiplied by a constant factor, but the CE equilibrium will not change. B.