Definition of Money
There is no unanimity among economist over the definition of money. The main reason for this is that the definition of money cannot be a…
Definition of Money
Technical default and financial default
What is the difference between technical default and financial default? Which is more critical to bondholders? Default means not performing according to a loan agreement….
Barter and Difficulties with Barter
Barter is a market situation in which buyers and sellers offers good for sale to one another and carry out the exchange without the use…
Bond concepts
a. Indenture – the formal agreement between lender and buyer specifying the terms of the loan and the relationship of the parties. b. Trustee –…
Techniques of Coordination
By the following techniques the manager can achieve coordination: 1. Supervisor He should ensure that his subordinates and their work are related with other individuals…
What is a junk bond?
Why were junk bonds so popular in the 1980s? Why are they less popular today? A junk bond is a bond which is rated below…
Coordination and Principles of Coordination
Coordination is ever present at every level of management, and pervades all managerial functions. It has been defined as an orderly synchronization or unification of…
Foreign bond, Eurobond, and multi-currency bond
Distinguish between a foreign bond, Eurobond, and multi-currency bond. What are the advantages and disadvantages of each to both lender and borrower. These three types…
Different Views on Motivation (Basic Motives of People)
Why people behave the way they do is discussed below from different viewpoints. 1. Sociological View The behavior of people is molded by the social…
What is a floating rate note?
A floating rate note (FRN) is an intermediate- or long-term bond with a floating interest rate. FRNs are issued in the Eurocurrency markets (where they…