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Action Items

Notes


Terminology

unicorn - a startup company valued at over US$1 billion which is privately owned and not listed on a share market

capital - money used to build, run, or grow a business

savers - people who saves money for future use

borrowers - people who need money or capital

underwrites - process through which an individual or institution takes onĀ financial riskĀ for a fee

underwriter - person who facilitates the insurance of securities

market - venue where goods and services are exchanged

physical market - tangible or real asset market such as wheat, real estate, clothes, etc.

financial market - deals with bonds, stocks, notes (cash), mortgages and derived securities.

derived - ****financial instrument whose value depends upon the value of another asset

spot markets - the market in which assets are bought or sold for ā€˜on-the-spotā€ delivery

futures markets - the markets in which participants agree today to buy or sell an asset at some future date.

money markets - the financial markets in which funds are borrowed or loaned for short periods (less than 1 year)

capital markets - the financial markets for stocks and for intermediate or long-term debt (lone year or longer)