Flashcards - Economic Institutions & Groups

Flashcards - Economic Institutions & Groups
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corporation
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
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bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
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Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
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Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
corporation
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
bond markets
The bond market is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market
capital market
A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold
double taxation
Double taxation is the levying of tax by two or more jurisdictions on the same declared income , asset , or financial transaction

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