| 单词 | intertemporal budget constraint |
| 释义 | intertemporal budget constraint The requirement that the total spending of an individual, firm, or government must be within the funds available to it over some long period. This period is a lifetime for individuals; for firms and governments, which are potentially immortal, the period is not well defined. Spending can exceed income plus net assets in any short period if credit is available, but lenders will only be willing to provide credit if they believe the borrower's intertemporal budget constraint is satisfied, so that repayment of debts is possible. Uncertainty about future income prospects and interest rates makes intertemporal budget constraints very difficult to apply in practice. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。