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If j is an OLS estimator of a regression coefficient associated with one of the explanatory variables, such that j = 1, 2, …., n, asymptotic standard error of
j will refer to the:
Gratuitous Promise
A one-sided agreement that the courts will not enforce.
Unilateral Contract
A contract in which one party makes a promise in exchange for the other party's performance, rather than a promise in return.
Counter-Offer
A proposal made as a response to an offer, which negates the original offer and suggests new terms for an agreement.
Revocation
The official cancellation or withdrawal of an offer, license, or agreement.
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