Displacement effect definition

Displacement effect means that if residents did not attend this event they might otherwise have spent the same amount of disposable income locally. Visitors, on the other hand, are attracted into Suffolk and Berkshire counties by BSO events and spend money in these counties that they might otherwise have spent in their resident county.
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Related to Displacement effect

  • Agreement Effective Date means the date on which the conditions set forth in Section 2 have been satisfied or waived by the appropriate Party or Parties in accordance with this Agreement.

  • Settlement Effective Date means the date on which the Final Order is Final, provided that by such date the Settlement has not been terminated in accordance with Article 11.

  • Contract Effective Date ’ means the date agreed upon by the parties for be- ginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or des- ignated higher approval authority signs the document. Costs incurred be- fore the contract effective date are un- allowable unless they qualify as precontract costs (see FAR 31.205–32) and the clause prescribed at 1831.205–70 is used.

  • First Restatement Effective Date means the “Restatement Effective Date” as defined in the First Amendment Agreement.

  • Agreement Effective Period means, with respect to a Party, the period from the Agreement Effective Date to the Termination Date applicable to that Party.