Summary |
The term “Capital Market” is used to describe the institutional arrangement for facilitating the borrowing and lending of long-term funds. Usually, stress is laid on the markets for long-term debt and equity claims, government securities, bonds, mortgages, and other instruments of long-term debts. thus, the capital market embraces the system through which the public takes up long-term securities, either directly or through intermediaries. It consist of a series of channels through which the saving of the community are mobilized and made available to the entrepreneurs for undertaking investment activities.
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