Examlex
In a simultaneous move game, the number of possible pure strategies a player can play is equal to the number of actions he can choose to take.
Subordination Clauses
Provisions in a contract that determine the ranking of claims in the event of a debtor default, making some debts subordinate to others.
Bond Indentures
A legal and binding agreement that outlines the specific promises made to bondholders, including the terms of the bond, such as its maturity date, timing of interest payments, and method of interest calculation.
Senior Creditors
Creditors who have priority over other creditors for the repayment of debts, typically in the event of a bankruptcy or liquidation.
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures, considering all interest payments and the principal repayment.
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