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inelasticity (DO)<br />1 The unresponsiveness of one economic variable to another.<br /> 2 Demand or supply ELASTICITY less than unity in value. In product markets, demand is inelastic for essential goods and services, including goods that produce addiction. In labour markets, the
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mezzanine finance (G2, M2)<br />An unsecured loan, often used to finance a MANAGEMENT BUYOUT, which ranks after secured loans but before equity in the event of a liquidation of a company. The interest charged on these loans is higher than for secured loans and linked equity is often given to the lender. This form of finance is used to supplement other sources to effect management buyouts.
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