Examlex
If a company is highly leveraged, this means that it has relatively high risk of not being able to repay its debt.
Pairwise Voting
A voting system where candidates or options are compared and voted on in pairs, with the winner determined by a series of individual contests.
Community Spending
The allocation of funds by local, municipal, or community entities towards projects and services that benefit the community.
Condorcet Paradox
A situation in social choice theory where collective preferences can be cyclical, even if the preferences of individual voters are not.
Satisficing
A decision-making process that entails searching through the available alternatives until an acceptability threshold is met rather than looking for the best possible solution.
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