focus strategy
Strategic plan under which a firm concentrates its resources on entering or expanding in a narrow market or industry segment. It is usually employed where the firm knows its segment and has products to competitively satisfy its needs. Focus strategy is one of three generic marketing strategies (see differentiation strategy and low cost strategy for the other two) that can be adopted by any firm.
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recourse loan
Loan agreement under which a borrower gives an undertaking to repay a debt even if the funded asset (acquired with the loan proceeds) cannot be liquidated to cover the loan amount. In case of a default, the lender can seize and sell the funded asset as well as the borrower's un-pledged assets or properties. See also non recourse loan.
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conversion price
The price at which a given convertible security can be converted to common stock. The conversion price is specified when the security is issued. The number of shares to be received is the principal amount of the security divided by the conversion price (after the conversion price is adjusted for stock splits anddividends).
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一个集体的时代记忆。
abstract of title
Document that establishes the status of the present title to a property, and lists all items of record (such as claims, deeds, judgments, liens) that might affect the quality of the title. Also called abstract and epitome of title where 'epitome' is a listing (or duplicate copies) of documents going back to the root of title.
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