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Unit-6 Sources Of Long-Term Finance And Underwriting

In this unit we shall examine in detail the nature and importance of long-term finance.

Briefly explain the meaning of:

(a) Money Market, (b) Capital Market. and (c) New Issue Market.




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Learning Pundits Content Team

Written on Apr 15, 2019 6:17:27 PM

Money Market:   Market for short-term capital involving borrowing and lending of money for short periods.

Capital Market:   The transactions through which long-term funds are procured by companies and supplied by investors. This is the market for long-term capital.

New Issue Market: Arrangements which facilitate issue of shares and debentures by companies.



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