Uh oh! You're not
+ Create New Flashcard
to fulfill its financial obligations. Since countries are not
laws, they can escape
penalties. However, sovereign defaults are rare since it will be more expensive to borrow
. One of the causes of a default is
elasticity of d...
You Also Might Like...
Why is Corporate Governance Important?
Corporate governance is the way a corporation polices itself. In short, it is a method of governing the company like a sovereign state, instating its own customs, policies and laws to its employees from the highest to the lowest levels. Corporate ...
LLC vs. LLP
When deciding how to structure your new business a key decision you may need to make can be between creating a Limited Liability Company (LLC) vs. a Limited Liability Partnership (LLP). The key reason individuals consider either of these business ...
Grant vs. Scholarship
Funding a Start-up - How to Tap an IRA or 401(k)
Starting a small business is a dream that many people have. While there is certainly a risk of failure, the benefits of success are many. It is possible to make much more money working for yourself rather than for someone else and you will have the ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: