Agency Cost View: The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing.

 

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Agency Cost View: The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing.

Net Financing Cost: Also called the cost of carry or, simply, carry, the difference between the cost of financing the purchase of an asset and the asset's cash yield. Positive carry means that the yield earned . . . View Full Definition

Mutual Agency: The right of all partners in a partnership to act as agents for the normal business operations of the partnership, with the authority to bind it to a business agreements.

Net Interest Cost (NIC): The total amount of interest that will be paid on a debt obligation by a corporate or municipal bond issuer.

No Net Cost Tobacco Act Of 1982: P.L. 97-218 (July 20, 1982) required that the tobacco price support program operate at no net cost to taxpayers, other than for the administrative expenses common to all price support progra . . . View Full Definition

No Net Cost: A provision requiring that a price support program be operated at no cost to the federal government. The No-Net-Cost Tobacco Act of 1982 required the participants in the 1982 and subsequent . . . View Full Definition

Modified Accelerated Cost Recovery System (MACRS): A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time.

Mercantile Agency: An organization that supplies credit ratings and reports on firms that are prospective customers.

Lower Cost Or Market (LCM): A basis for valuing certain assets at the lower of original cost or current market value.

Live View Mode: In traditional digital SLR cameras, the LCD view screen can only be used to play back captured images; you still need to look through the viewfinder to compose your pictures. However, some n . . . View Full Definition