Transition phase

A phase of development in which the company's earnings begin to mature and decelerate to the rate of growth of the economy as a whole.

Similar financial terms

Three-phase DDM
A version of the dividend discount model which applies a different expected dividend rate depending on a company's life-cycle phase, growth phase, transition phase, or maturity phase.

Maturity phase
A phase of company development in which earnings continue to grow at the rate of the general economy.

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Lien

A security interest in one or more assets that is granted to lenders in connection with secured debt financing. When an asset is pledged as security against a loan, the lender is said to take "lien", i.e. a legal security interest, in the asset. Liens are usually registered against assets and recorded in a public office (or on-line). It behooves a buyer of an asset to conduct a search to ensure th ...


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