tb stuff lecture 1 Flashcards
what is required to study finance
basic understanding of securities, corporate law, financial institutions and markets
who are the major borrowers
public debt and private debt
who consists of public debt
government of canada (the federal government)
provincial and territorial governments
municipalities
crown corporations
who consists of private debt
households
non-financial corporations
what is a marketable asset
can be traded between or among investors after their original issue in public markets and before they mature or expire
what is a third market
the trading of securities that are listed on organized exchanges in the OTC market
what is the fourth market
the trading of securities directly between investors without brokers or dealers
what is underwriting spread
the difference between the proceeds the issuer receives and the total amount raised in the ipo
