Finance
Characteristics of Sole Proprietorship
➦ Sole proprietorship is a form of business run by a single person and in which there is no distinction between the owner and the business.
➦ It is also called sole trading and who carries on business of sole trading is called sole trader.
➦ The main feature of such type of business structure is that the individual assumes full responsibility for all the risks connected with the conduct of the business.
➦ A bond is a fixed charge bearing long-term debt security issued by the government and non-government organization 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;
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:
