Not exact matches
Covers the following topics: Money, as distinct from «income» and «wealth» Functions of money Characteristics of money Credit cards, Debit cards, Electronic money and the concept of liquidity (whether
assets are liquid or
illiquid) Commodity money The barter system and the problem of double coincidence of wants Contains easily digestible points / explanations with appropriate amount of on - screen text that makes note
taking easy for students of all abilities, whether native or non-native users of English.
The Total
assets, on the other hand, represent all
illiquid assets such as the real estate or other
assets that can
take longer to convert into cash.
Most financial company failures are due to illiquidity, which usually
takes the form of too many
illiquid assets and liquid liabilities.
After
taking over the reins in 1987, David Swensen, the chief investment officer of Yale Endowment, moved aggressively into non-traditional and often
illiquid asset classes like foreign equity, absolute return, real
assets and private equity.
With respect to the limitation on
illiquid securities, in the event that a subsequent change in net
assets or other circumstances cause a fund to exceed its limitation, the fund will
take steps to bring the aggregate amount of
illiquid instruments back within the limitations as soon as reasonably practicable.
The biggest benefit is
taking something that was perceived to be
illiquid and of limited value, and turning it into a liquid
asset that may have an even greater value in the hands of an investor than the original policy owner.