Funds And Their Uses; a book Describing the Methods, Instruments, And Institutions Employed in Modern Financial Transactions
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In our eReader you can find the full English version of the book. Read Funds And Their Uses; a book Describing the Methods, Instruments, And Institutions Employed in Modern Financial Transactions 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 Funds And Their Uses; a book Describing the Methods, Instruments, And Institutions Employed in Modern Financial Transactions
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To quickly assess the difficulty of the text, read a short excerpt:
all of wliicli are first liens upon real estate appraised at not less than twD-and-one-lialf times the par value of buch securities." A schedule or list of securities deposited with the trust SALES OP LONG-TIME PAPER 181 company is indorsed on the back of each bond. The de- bentures of financial companies are regarded as first-class ii"i vestments.
Railroad companies issue a form of bond called a "de- benture " which is quite different in character. These bonds 10. Railroad "^^rj often have no ...security for the payment of debenture interest ; many times the principal also is unse- ""■ *■ cured. The payment of interest is dependent on the surplus net earnings of the road. Instead of being a first lien on the properties and incomes of the road, they are a last claim, and stand in a rank inferior to all other bonds of the company ; they are in some respects inferior to the unsecured short-time credit obligations of the road ; they lack the advantage of paper maturing at an early date, and have little or no advantage from contracts of security.
What to read after Funds And Their Uses; a book Describing the Methods, Instruments, And Institutions Employed in Modern Financial Transactions?
You can find similar books in the "Read Also" column, or choose other free books by Cleveland, Frederick Albert, 1865-1946 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
all of wliicli are first liens upon real estate appraised at not less than twD-and-one-lialf times the par value of buch securities." A schedule or list of securities deposited with the trust SALES OP LONG-TIME PAPER 181 company is indorsed on the back of each bond. The de- bentures of financial companies are regarded as first-class ii"i vestments.
Railroad companies issue a form of bond called a "de- benture " which is quite different in character. These bonds 10. Railroad "^^rj often have no ...security for the payment of debenture interest ; many times the principal also is unse- ""■ *■ cured. The payment of interest is dependent on the surplus net earnings of the road. Instead of being a first lien on the properties and incomes of the road, they are a last claim, and stand in a rank inferior to all other bonds of the company ; they are in some respects inferior to the unsecured short-time credit obligations of the road ; they lack the advantage of paper maturing at an early date, and have little or no advantage from contracts of security.
What to read after Funds And Their Uses; a book Describing the Methods, Instruments, And Institutions Employed in Modern Financial Transactions?
You can find similar books in the "Read Also" column, or choose other free books by Cleveland, Frederick Albert, 1865-1946 to read onlineMoreLess
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