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Silencio Tarsier Posted 14 years ago
Vocabulary
Proceed.
Financial intermediary:
institution that obtains funds by issuing secondary claims and uses the proceeds to purchase primary claims, thereby transferring funds from society's savers/lenders to borrowers/spenders.
institution that obtains funds by issuing secondary claims and uses the proceeds to purchase primary claims, thereby transferring funds from society's savers/lenders to borrowers/spenders.
Top answer
proceeds = income, revenue
- proceeds = income, revenue
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3 Answers
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Silencio Tarsier oh~ I see, it's a different word to proceed. right?
Yes, it is a plural-only noun.
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