The granting of a subsidy or loan for a fixed, precisely defined period of time. The term is usually used in connection with government financial services, but less frequently also in connection with the financial flows in a – then often globally active – group of companies between a parent company and a subsidiary. – The knowledge that a deficit guarantee will expire on the due date creates a compulsion from the outset to operate in a cost-covering manner. – See moral hazard, tax financing, structural change, structural transformation, subsidies.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/