Examlex
Which of the following does NOT involve a financial intermediary?
Bonds
Fixed income investments in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.
Convertible Bond
A type of bond that can be converted into a predetermined number of shares of the issuing company's stock.
Subscription Agreements
Legal agreements for the purchase of shares in a company, typically used in private placements, detailing the terms and conditions of the investment.
Incorporation Process
The legal procedure by which a business entity is formed as a corporation, involving registration with the state, drafting articles of incorporation, and meeting other regulatory requirements.
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