nonsubstitution

nonsubstitution
n.

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Universalium. 2010.

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  • nonsubstitution clause — A provision in some municipal leases. This lease provision stipulates that if the municipal lessee terminates the lease under a nonappropriation clause, the lessee will not use any other property performing a similar function to that performed by …   Financial and business terms

  • nonsubstitution — n …   Useful english dictionary

  • James Mirrlees — Sir James Alexander Mirrlees, FBA (born 5 July 1936, Minnigaff, Wigtownshire) is a Scottish economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in 1998.He was educated at the University of Edinburgh and… …   Wikipedia

  • nonappropriation clause — A provision in some municipal leases. The clause provides that the lease terminates without penalty to the lessee in the event that the municipal lessee fails to appropriate sufficient funds to make required lease payments during the ensuing… …   Financial and business terms

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