LEGAL TENDER
Denomination of a country’s currency, recognized by law, that can be accepted as a financial obligation payment or a medium for commercial exchange. Usually, all denominations of the circulating paper money is a legal tender in every country. A creditor is mandated to accept legal tender as a debt payment. This can only be released by an authorized national body such as the US Treasury in the United States of America, and Royal Canadian Mint in Canada.
Also refers to as lawful money.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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An Introduction to Forex Currencies
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