Examlex
maturity matching, or "self-liquidating," approach to financing involves obtaining the funds for permanent current assets with a combination of long-term capital and short-term capital that varies depending on the level of interest rates When short-term rates are relatively high, short-term assets will be financed with long-term debt to reduce costs.
Agency by Ratification
This occurs when a principal approves and accepts the actions of someone who acted without authority, thereby giving those actions legitimacy and creating an agency relationship retrospectively.
Doctrine
A belief or set of beliefs held and taught by an organization, especially a religious or political one.
Agency Relationship
A legal relationship in which one party, the agent, is authorized to act on behalf of another party, the principal, in conducting business transactions.
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