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Pigou Effect Definition.

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Pigou effect is an economic theory that suggests that when a good or service becomes more expensive, people will consume less of it. The effect is named after British economist Arthur Pigou, who first articulated the theory. The theory is based on the idea of marginal utility, which is the additional satisfaction that a person … Read more

Fully Convertible Debenture (FCD).

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FCDs are debt instruments that can be converted into equity shares of the issuing company at the discretion of the holder. The holder does not have to convert the FCDs into equity shares and can hold the FCDs until they mature. FCDs typically have a longer maturity than other types of convertible securities and offer … Read more