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Think of it as a financial contract, nothing more".
Every financial contract involving consumers is standardized to prevent negotiation.
Our paper sheds new light on the role of legal enforcement on financial contract design.
A CFI is a financial contract with the right to emit 100 metric tons of CO2 equivalent.
A shout option is a financial contract which allows the holder to change the payoff during the lifetime of the contract.
Every financial contract involving wealthy individuals or companies, on the other hand, is highly tailored to personal concerns.
Similar(22)
We call them financial contracts.
Most of these financial contracts trade on unregulated exchanges.
So, what do you think they did to financial contracts?
Walkaway clauses in qualified financial contracts should be unenforceable.
Filling this important gap in the literature, this paper views debt and equity as financial contracts, and asks why they are optimal instead of other financial contracts.
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