Examlex
A nation's cultural boundaries do not always correspond to its political boundaries.
Debt/Equity Ratio
A ratio exemplifying the balance of equity to debt in the financing structure for a company’s assets.
Interest Tax Shield
A deduction allowed for the interest paid on debt, thereby reducing taxable income and the total tax owed.
M&M Proposition I
outlines that in a perfect market, without taxes and transaction costs, a company's value is unaffected by its capital structure.
Direct Bankruptcy Costs
The expenses incurred by a company when going through the process of declaring bankruptcy, including legal fees, accounting fees, trustee fees, and other associated administrative expenses.
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