Structural Adjustment Loan Facility (SAL)

Definition:

World Bank program established in 1980 to enhance a country's long-term economic growth through financing projects.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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An attempt to acquire a large portion of a company's stock to gain control by offering stockholders a premium over the market value for their shares.

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