Examlex
The selection of a mutually exclusive project means that all other projects with a positive net present value may also be selected.
By definition, mutually exclusive means that the selection of one project precludes the selection of any other alternative.
Underwriting
The process by which an individual or institution takes on financial risk for a fee, such as issuing insurance policies or bringing a new security issue to the market.
Spread
The difference between two prices, rates, or yields, often measuring the gap between bid and ask prices or between interest rates.
Commitment
A pledge or obligation to do something, often used in the context of agreements or contracts.
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