Examlex
An organization in which management consciously attempts to spread authority to the lower organizational levels is said to be centralized.
Discount
A reduction in the price of goods, services, or financial instruments, often used as a marketing strategy or to encourage early payment.
International Fisher Effect
A theory stating that differences in nominal interest rates between two countries are directly proportional to changes in the exchange rate over the same period.
Nominal Rates
Interest rates or rates of return that have not been adjusted for inflation.
Note Issuance Facility
A financial arrangement that allows a borrower to issue short-term debt securities as needed, up to a predetermined limit.
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