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substitute
(redirected from substitutability)

   Also found in: Dictionary/thesaurus, Medical, Financial, Idioms, Encyclopedia, Wikipedia 0.01 sec.
substitute noun agent, alternate, alternative, delegate, deputy, double, emissary, envoy, factor, lieutenant, pinch hitter, plenipotentiary, proxy, regent, replacement, representation, representative, stand-in, steward, stopgap, substitution, supplanter, surrogate, temporary expedient, trustee, understudy
See also: agent, alienate, alternate, alternative, change, commute, conduit, convert, cover, delegate, deputy, devolve, disjunctive, displace, exchange, false, imitation, intermediary, liaison, plenipotentiary, procurator, provisional, proxy, quid pro quo, replace, replacement, representative, secondary, stopgap, succedaneum, supersede, supplant, surrogate, transform

SUBSTITUTE, contracts. One placed under another to transact business for him; in letters of attorney, power is generally given to the attorney to nominate and appoint a substitute.
     2. Without such power, the authority given to one person cannot in general be delegated to another, because it is a personal trust and confidence, and is not therefore transmissible. The authority is given to him to exercise his judgment and discretion, and it cannot be said that the trust and confidence reposed in him shall be exercised at the discretion of another. 2 Atk. 88; 2 Ves. 645. But an authority may be delegated to another, when the attorney has express power to do so. Bunb. 166; T. Jones, 110. See Story, Ag. Sec. 13, 14. When a man is drawn in the militia, he may in some cases hire a substitute.



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But because of nagging concerns u including the relative illiquidity of the DME market, the large share of production held by a single company and the lack of substitutability u traders appear undecided about when such a transition would occur.
But because of nagging concerns - including the relative illiquidity of the DME market, the large share of production held by a single company and the lack of substitutability - traders appear undecided about when such a transition would occur.
In the case of vertical FDI, results show that both the quantitative and qualitative effects of a higher domestic inflation tax on the domestically financed portion of FDI depends on the substitutability of the factors of production.
 
 
 
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