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Definitions of terms begining
with the same letter as "Financial distress cost"
:
Financial distress cost (See Chapters 33 and 34 of the Vernimmen)
Financial distress costs are the costs related to financial distress, and include not only the possibly increased cost of debt, but also the opportunities of profitable investments foregone due to the inability to raise new funding, revenues lost due to R&D cuts, etc.
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