Examlex
At any given airport, the airlines hold long-term leases for passenger loading gates.New gates cannot be added without approval of the airlines.Frequent flier programs are also common in the industry.It is, therefore, more difficult for a new airline to enter a given airport (market) .Such factors: (i) are called barriers to entry.
(ii) tend to decrease the contestability of the air travel market.
Short-Term Debt
Financial obligations that are due for repayment within a short period, usually less than one year.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, inventories, and other short-term liabilities.
Money Market Securities
Short-term financial instruments, typically with high liquidity and short maturities, traded in the money market.
Registration Statement
A set of documents, including a prospectus, filed with a regulatory body to register a company's securities for sale to the public.
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