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Rating downgrades or upgrades are often used as a contractual signal of a borrower's creditworthiness: a downgrade can trigger a demand for more collateral, a higher rate of interest on a loan or bond, or even an immediate repayment of debt.Some fear this can create a cliff down which a hard-pressed borrower can quickly tumble.
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GE has supplied more than 20 gas turbines to the petrochemical business of PTT Chemical Public Co. Ltd, but the new contractual service agreement signals a longer-term interest to build business in the emerging economy.
They have yet to sign a contractual arrangement.
"We have also seen signals from the Dallas Stars that Sean's contractual rights might be challenged.
Two broad categories of contractual agency are likely to reduce information asymmetry: (1) self-selection, in particular through information disclosure and signalling, and screening, and (2) designing of incentive structures and monitoring (Stiglitz 2000).
Heir to prison social work, this profession as it is officially defined also signals a break with a certain vision of assistance and intervention which favors partnerships and contractual logic.
Contractual obligation.
"But not contractual ones".
Is it a contractual requirement?
It was a contractual obligation.
"We honor our contractual obligations".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com