In the financial market, the agreement that a buyer must make payments by the end of the contract, whatever happens (non-cancelable contract whereby the purchaser must make the stated payments to the seller, irrespective of any difficulties they may encounter). – See hurricane shock, catastrophe bonds, oil price shocks, shock, external, shocks, structural, terror shock, uncertainty, worst case scenario.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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