An efficient capital market is an
important constituent of a sound financial system. Capital market channelises
household savings to the corporate sector and allocates funds to firms. In this
process, it allows both firms and households to share risks associated with
business. Moreover, capital market enables the valuation of firms on an almost
continuous basis and plays an important role in the governance of the corporate
Dynamics of capital market
require changes in the laws, rules and regulations on a continuing basis.
Consequently, new terms and concepts and their definitions are added to capital
market lexicon on a regular basis.
This dictionary is designed to
provide a useful, reliable, readable and single
source guide to the all-important field of capital market. It provides
simple and easily comprehensible definitions and explanations of terms used in
this area. The terms, concepts and usages are given their most common
definition. Readers will also find helpful illustrations of important terms.
This reference work is intended as
a practical tool for a cross-section of readership. It will be useful for
teachers and students of economics, commerce, law, and management, and also for
bankers, corporate executives, legislators and government officials.
Meticulously cross-referenced, the dictionary is a comprehensive and invaluable
source of essential information.