Examlex
Even if a firm's cash flow projections indicate that it will soon be unable to meet its interest payments, a bankruptcy case cannot begin until the firm actually defaults on a scheduled payment.
Joseph Stiglitz
An American economist and professor known for his work on income distribution, risk, and information economics, and a recipient of the Nobel Memorial Prize in Economic Sciences.
NAFTA Treaty
The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries and facilitate the free flow of goods and services.
Trade Balance
The difference between a country's exports and imports over a certain period, indicating the net earnings from trade.
European Common Market
The European Common Market, also known as the European Single Market, is an integrated territory across the European Union that allows for the free movement of goods, services, capital, and people.
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