HomeDefinitionsCompareDebt No SubstitutionThe financial definition for No Substitution:Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee. Similar MatchesAsset substitutionAsset substitutionOccurs when a firm invests in assets that are riskier than those that the debtholders expected. Import substitution development strategyImport substitution development strategyA development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth. Same day substitutionSame day substitutionOffsetting changes in a margin account during the day that result in no overall change in the balance of the account. Further SuggestionsSubstitution swapClick to compare definitions of No Substitution Click to view definitions beginning no |