Characteristics of Partnership Business | Business Law
Characteristics of Bonds
A bond is a fixed charge bearing long-term debt security issued by the government and non-government organisation to collect long-term debt capital in which borrower agrees to make payments of interest and principal on the specific dates to the holder of the bond instrument.There are different types of bonds which are introduced by the different organisation with the development of a market. As it is difficult to generalise the same characteristics of all types of the debt instrument. However, some common characteristics of all debt instruments are as follows;
Functions of Financial Market
The financial market is a market in which people trade financial securities commodities and their tangible items of value at low transaction costs and a price that reflects supply and demand. Simply we can say the financial market is the market in which short-term as well as long-term financial instruments are traded.
Some of the major functions of the financial market are as follows: