Examlex
Welfare payments are an example of a redistributional government policy.
Letter of Credit
A financial document issued by a bank guaranteeing a buyer's payment to a seller in a transaction, effective in international trade.
Covenants
A promise by the firm, included in the debt contract, to perform certain acts. A restrictive covenant imposes constraints on the firm to protect the interests of the debtholder.
Payables
Short-term liabilities or money owed by a company to suppliers or creditors for goods and services received.
Rebate
A partial refund to someone who has paid too much money for tax, rent, or a utility, or an incentive payment to induce a particular purchase or behavior.
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