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单词 cliff effect
释义

cliff effect


cliff effect

A digital transmission of audio or video that ends abruptly (drops off a cliff). Unlike analog transmission, which can gradually become worse and worse (snowy picture, static audio) until there is nothing left, digital circuits require a minimum signal threshold in order to interpret the incoming binary code. If that threshold is not maintained, the electronics cannot decipher the signal, and the process stops instantly.

Cliff Effect


Cliff Effect

In economics, the disproportionately positive or negative results of an action. For example, suppose a company takes on too much debt and a credit ratings agency downgrades its bond rating. This may increase the company's borrowing costs significantly, which in turn gives it less cash on hand to make coupon payments. This can lead to a further downgrade and the cycle continues. The cliff effect implies that relatively little separates a company from being seen as quite healthy to being seen as a poor investment.
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更新时间:2024/12/22 22:10:42