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When scuba divers take red objects underwater, they appear to lose their color, but this does not happen to bluish objects. This demonstrates that water filters out light waves that have
Synergy
The increased effectiveness that results when two or more entities work together compared to working separately.
Lockup Agreement
The part of the underwriting contract that specifies how long insiders must wait after an IPO before they can sell stock.
Economies of Scale
Cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
White Knight
A corporation or individual that acquires a corporation on the verge of being taken over by forces deemed undesirable by the company's board or management.
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