Mark Berch:Financial leverage clientele

Interest subsidy
The value of a firm'sdeduction of the interest payments on its debt from its earnings before calculation of its tax bill under current tax law.

Balloon Payment
The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.

Samurai market
The foreign market in Japan.

Mark Berch:Financial leverage clientele
A group of investors who have a preference for investing in firms that adhere to a particular financial leverage policy.

Search costs
Costs associated with locating a counterparty to a trade, including explicit costs (such as advertising) and implicit costs (such as the value of time). Related: Information costs.

Average discount rate
Purchaserstender their competitive bids on a discount rate basis. The weighted, or adjusted mean of all bids accepted in Treasury bill auctions. Mark Berch

B2B
An Internet strategy of dealing directly with businesses, rather than consumers, i.e. business to (2) business.