MGTA05H3 Lecture Notes - Lecture 9: Rbc Capital Markets, Scotiabank, The Dominion Bank

• School: UTSC
• Department: Management
• Course: MGTA05H3
• Professor: Chris Bovaird

Document Summary

Finance: all the activities that involve locating, collecting, packaging and redistributing capital. There are people who have ideas and ambitions, plans and projects they would undertake but don"t have capital. There are people who have capital but no immediate need or desire to spend it. Consumption: using up your money by making a final purchase. Investment: a decision not to spend one"s capital for immediate consumption, but to put it to work so that it might produce more capital in the future. Investor: an individual or organization that provides the capital to finance enterprise and expect more capital return from the enterprise in the future. Financial intermediary: a business which acts as a go-between, finding, collecting, packaging, and redistributing money from those with spare capital who want to put it to use, to those with ideas and ambitions who need capital. Loan capital & debt capital: money lent to a business or an individual.