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Jackson6612 Posted 16 years ago
Grammar
A short-term obligation of a governmental body (as a municipality) issued in
1 warrant
2 d (1) : a short-term obligation of a governmental body (as a municipality) issued in anticipation of revenue (2) : an instrument issued by a corporation giving to the holder the right to purchase the stock of the corporation at a stated price either prior to a stipulated date or at any future time
[M-W's Col. Dic.]
In what sense is "obligation" used and what does the definition mean as a whole?
A company or corporation raises a part of its capital through a stock which is traded on stock exchange, and that stock is divided into shares which the persons can buy. Right? The definition says "to purchase the stock" - you don't purchase the entire stock rather purchase shares. Do I make any sense?
Please help with the above questions. Thanks for all the guidance.
2 d (1) : a short-term obligation of a governmental body (as a municipality) issued in anticipation of revenue (2) : an instrument issued by a corporation giving to the holder the right to purchase the stock of the corporation at a stated price either prior to a stipulated date or at any future time
[M-W's Col. Dic.]
In what sense is "obligation" used and what does the definition mean as a whole?
A company or corporation raises a part of its capital through a stock which is traded on stock exchange, and that stock is divided into shares which the persons can buy. Right? The definition says "to purchase the stock" - you don't purchase the entire stock rather purchase shares. Do I make any sense?
Please help with the above questions. Thanks for all the guidance.
Top answer
Jackson6612 a short-term obligation of a governmental body Obligation means a responsibility. A bond is a contract that obliges the issurer to pay interest to the holder at a particular rate, for a set period of time. for example, the US government sells face value $10,000 10-year bonds at an auction.
- Jackson6612 a short-term obligation of a governmental body Obligation means a responsibility.
- A bond is a contract that obliges the issurer to pay interest to the holder at a particular rate, for a set period of time.
- for example, the US government sells face value $10,000 10-year bonds at an auction.
- The auction determines the interest rate.
- Suppose I offer to buy a 10-year bond at 3% interest.
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1 Answers
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Jackson6612a short-term obligation of a governmental bodyObligation means a responsibility. A bond is a contract that obliges the issurer to pay interest to the holder at a particular rate, for a set period of time.
for example, the US government sells face value $10,000 10-year bonds at an auction. The auction determines the interest rate. Suppos
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