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We noted that information is costly to acquire. Asking family and friends, searching through magazines such as Consumer Reports, and contacting your local Better Business Bureau are all ways of gathering information about products and potential sellers. The time and effort consumers spend acquiring information will be directly related to the value derived from it. » Read More
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Most corporate guarantees are made by parent companies on behalf of subsidiaries or associates. Occasionally a large company may provide such a guarantee for a company that has no direct affiliation, an example might be a small, independent but strategic supplier. If the guarantor is the company’s major customer it is in an excellent position » Read More
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Banks are willing to accept some financial securities as collateral. These securities can include government paper, such as Treasury bills and bonds, and corporate paper, such as bonds and commercial paper. Many banks will also accept traded equity stocks. Where the loans are used by the borrower to purchase securities the loans are usually subject » Read More