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Sahyog means co-operation in Hindi and Gujrati, the predominant [6] languages of traders. The hundi is so named because it required the co-operation of multiple parties to ensure that the hundi has an acceptable risk and fairly good likelihood of being paid, in the absence of a formalized credit monitoring and reporting framework.
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership, interest in an entity or a contractual right to receive or deliver in the form of currency (forex); debt (bonds, loans); equity (); or derivatives (options, futures, forwards).
The lending is often indirect, through a financial intermediary such as a bank, or via the purchase of notes or bonds (corporate bonds, government bonds, or mutual bonds) in the bond market. The lender receives interest, the borrower pays a higher interest than the lender receives, and the financial intermediary earns the difference for ...
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.
In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date and interest (called the coupon) over a specified amount of time. [1])
A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded.
Savings bond; Senior debt; Serial bond; Singapore Savings Bonds; Sinking fund; Smart bond (finance) Social impact bond; Solar bonds; Structured settlement; Stub period; Subordinated debt; Sukuk; Sustainability Bonds; Sustainability-linked bond; Synthetic bond; Synthetic CDO
Holders receive payment not with a regular flow of income, but at maturity—similar to a zero-coupon bond. [51] An example of this kind of sukuk are 91-day CBB Sukuk Al-Salam issued by Central Bank of Bahrain. [52] project (Sukuk Al Istisna). These sukuk are complex and cannot be traded in the secondary market or sold to a third party for less ...