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Finance - The Magic and Mystique -1

Finance - The Magic and Mystique -1

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Published by abhishek1387

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Published by: abhishek1387 on Aug 29, 2009
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10/24/2012

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THE
M
AGIC
and the
MYSTIQUE
 
FINANCE
 
FinancingFinancing
:: the processof of transferring purchasing power from one economic unit to another.Units may be households, firms or government.Transfer takes place through creation of a debt.The borrower ( an institution) creates a claim against itself,in exchange for liquidity (ready purchasing power) now.
 
Amount of claim may be specified at the time of issue - e.g. afixed interest bond or Linked to some measure of performance - e.g. an index linkedsecurity or an equity shareIt is payable at some specified future date or made conditional onsome future event.Owner of claim possesses a Financial Asset.Two ways of financing – direct and indirectLeading to two types of claims – primary and secondary

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