Acceptances Their Importance As a Means of Increasing Simplifiying Domestic
Acceptances Their Importance As a Means of Increasing Simplifiying Domestic
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In our eReader you can find the full English version of the book. Read Acceptances Their Importance As a Means of Increasing Simplifiying Domestic Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Acceptances Their Importance As a Means of Increasing Simplifiying Domestic
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These instruments of credit — plain notes of hand — are therefore bought and sold on faith alone. Gen- erally, their makers furnish financial statements only once a year and, naturally, at the period when their business is in the most favorable financial condition. It is, of course, very difficult to ascertain exactly the volume of paper a certain maker may have outstanding at a given time, and there is no indication as to the occasion of its origin.
Single-Name Paper Replaces Merchandise Notes... The use of single-name paper dates from the Civil War period. Prior to that time, merchandise notes were largely used, running for six months, and even longer. The financial derangements that followed the Civil War, however, increased the uncertainty of value of these long-term credit instruments. The period of credit was shortened and concessions were made for quick settlements.
At this writing, single-name paper predominates in the Ameri- can market. There are several firms that are said to handle more than a hundred millions annually.
What to read after Acceptances Their Importance As a Means of Increasing Simplifiying Domestic?
You can find similar books in the "Read Also" column, or choose other free books by New York American Exchange National Bank to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These instruments of credit — plain notes of hand — are therefore bought and sold on faith alone. Gen- erally, their makers furnish financial statements only once a year and, naturally, at the period when their business is in the most favorable financial condition. It is, of course, very difficult to ascertain exactly the volume of paper a certain maker may have outstanding at a given time, and there is no indication as to the occasion of its origin.
Single-Name Paper Replaces Merchandise Notes... The use of single-name paper dates from the Civil War period. Prior to that time, merchandise notes were largely used, running for six months, and even longer. The financial derangements that followed the Civil War, however, increased the uncertainty of value of these long-term credit instruments. The period of credit was shortened and concessions were made for quick settlements.
At this writing, single-name paper predominates in the Ameri- can market. There are several firms that are said to handle more than a hundred millions annually.
What to read after Acceptances Their Importance As a Means of Increasing Simplifiying Domestic?
You can find similar books in the "Read Also" column, or choose other free books by New York American Exchange National Bank to read onlineMoreLess
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