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How Can We Make Sense of the Apparent Paradox in Jainism

question 104

Essay

How can we make sense of the apparent paradox in Jainism between the other-worldly focus of its asceticism, on the one hand, and the this-worldly emphasis manifested in the business acumen, worldly success, and strong social identity of the lay community on the other? Explain with reference to key Jaina notions.


Definitions:

Coupon Payment

The interest payment made to the bondholders by the issuer of the bond.

Term to Maturity

Term to Maturity is the remaining time until a debt instrument, such as a bond, reaches its due date and the principal must be repaid.

Debentures

Long-term securities issued by companies to borrow money, often with a fixed rate of interest.

Mortgage Bonds

Bonds secured by real estate or physical equipment that can be sold in case the bond issuer defaults.

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