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A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, mergers & acquisitions, or to expand business. [1] The term sometimes also encompasses bonds issued by supranational organizations (such as European Bank for Reconstruction and Development ).
Certificate for a share in Kennet and Avon Canal Navigation, Great Britain, 1808. In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of shares (or, under Article 8 of the Uniform Commercial Code in the United States, a ...
A bearer bond from Louisiana, circa 1879. A bearer bond or bearer note is a bond or debt security issued by a government or a business entity such as a corporation. As a bearer instrument, it differs from the more common types of investment securities in that it is unregistered—no records are kept of the owner, or the transactions involving ownership.
In the case of shares (bearer shares) or bonds (bearer bonds), they are called bearer certificates. [1] Unlike normal registered instruments , no record is kept of who owns bearer instruments or of transactions involving transfer of ownership, enabling the owner, as well as a purchaser, to deal with the property anonymously .
Disadvantages of corporate bonds. Fixed payment. A bond’s interest rate is set when the bond is issued, and that’s all you’re going to get. If it’s a fixed-rate bond, you’ll know all the ...
In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note.
Scripophily is the study and collection of stock and bond certificates. [a] A specialized field of numismatics, scripophily has developed as an area of collecting because of the inherent beauty of certain historical certificates, and because of interest in the historical context of many of the documents.
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