Examlex
Answer the following questions regarding stocks.
a.Why would a firm sell stocks instead of bonds?
b.What are some benefits,from the buyer's perspective,of stock ownership?
Fiduciary Duty
A duty to place a client’s interest above the professional’s own interests.
Debentures
A type of long-term security issued by a company, backed only by the general creditworthiness and reputation of the issuer.
Mortgage Bonds
Debt securities secured by a mortgage or collection of mortgages, giving holders a claim on the underlying property.
Directors' Meeting
A formal gathering of the board of directors of an organization to discuss and make decisions on company policy and management issues.
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