Capital Market Line (CML): The view that issuing debt is generally valuable, but that the firm's optimal choice of capital structure involves various other views of capital structure (net corporate/personal tax, agency cost, bankruptcy cost, and pecking order), that result from considerations of asymmetric information, asymmetric taxes, and transaction costs.

 

Related Words

Capital Market Line (CML): The view that issuing debt is generally valuable, but that the firm's optimal choice of capital structure involves various other views of capital structure (net corporate/personal tax, agenc . . . View Full Definition

Mean Lower Low Water Line (MLLWL): The line on a chart or map which represents the intersection of the land with the water surface at the elevation of mean lower low water.

Mean Water Level Line (MWLL): The line on a chart or map which represents the intersection of the land with the water surface at the elevation of mean water level.

Mendoza Line: Figurative boundary in the batting averages between those batters hitting above and below .215, Mario Mendoza's career average.