The explaination of Financial Capital

Sources of capital

• Long term - usually above 7 years
  • Share Capital
  • Mortgage loan
  • Retained Profit
  • Venture Capital
  • Debenture
  • Project Finance

• Medium term - usually between 2 and 7 years
  • Term Loans
  • Leasing
  • Hire Purchase

• Short term - usually under 2 years
  • Bank Overdraft
  • Trade Credit
  • Deferred Expenses
  • Factoring

Capital market

• Long-term funds are bought and sold:
  • Shares
  • Debentures
  • Long-term loans, often with a mortgage bond as security
  • Reserve funds
  • Euro Bonds
  • Law Firms

 Money market

• Financial institutions can use short-term savings to lend out in the form of short-term loans:
  • Credit on open account
  • Bank overdraft
  • Short-term loans
  • Bills of exchange
  • Factoring of debtors

Differences between shares and debentures

• Shareholders are effectively owners; debenture-holders are creditors.
• Shareholders may vote at AGMs (Annual General Meetings) and be elected as directors; debenture-holders may not vote at AGMs or be elected as directors.
• Shareholders receive profit in the form of dividends; debenture-holders receive a fixed rate of interest.
• If there is no profit, the shareholder does not receive a dividend; interest is paid to debenture-holders regardless of whether or not a profit has been made.
• In case of dissolution of firms debenture holders are paid first as compared to shareholder.

Feminist Movement in Canada - 1

Got this from Charlotte Whitton's famous quation:

Whatever women do they must do twice as well as men to be thought half as good. Luckily, this is not difficult."

who was a Canadian feminist and mayor of Ottawa (twice, 1951-1956 and again 1960-1964).