Examlex
Rate reduction bonds, also called stranded cost bonds or stranded asset bonds, are backed by a state-legislative approved special charge, referred to as the competitive transition charge, charged by pharmaceutical companies.
Agent
An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.
Working Capital Management
The process of managing short-term assets and liabilities to ensure a company has sufficient liquidity to run its operations smoothly.
Capital Budgeting
The process of planning and managing a company's long-term investments in projects and assets to maximize value and ensure financial sustainability.
Capital Structure
The combination of long-term liabilities, targeted short-term borrowings, ordinary shares, and preferred shares that finance a corporation's daily functions and expansion.
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