CAPITAL MARKET
Capital market is a market for medium-term and long-term loans. The capital market serves the needs of industry and the commercial sector. It comprises all the institutions which are concerned with either the supply of or demand for long-term capital.…
MONEY MARKET
Money market can be defined as a market for short-term loan. The market consists of institutions or individuals who either have money to lend or wish to borrow on a short-term basis. Instruments used in the money market Treasury…
TRADITIONAL FINANCIAL INSTITUTIONS
The traditional financial institutions came into existence several years before the establishment of modern banking system in many countries in the West African subregion. It involves the coming together of a group of people with common interest in the same…
INSURANCE COMPANIES
Insurance companies are financial institutions that are concerned with insurance. Insurance may be defined as a contract between an insurer and an insured, under which an insurer promises to indemnify (compensate) the insured against loss, which he may suffer in…
MORTGAGE BANKS
Mortgage banks are financial institutions that specialise in granting loans to individuals and corporate bodies for building purposes. Such loans are repaid by instalments and can be spread over several years. Mortgage banks accept deposit from the investing public at…
MERCHANT BANKS
Merchant banks are financial institutions which perform specialised functions, such as acceptance of bills of exchange, issuance of loans for foreign trade transactions, issuance of new shares, and provision of medium and long-term loans. They are sometimes referred to as…
DEVELOPMENT BANKS
Development banks are specialised financial institutions which provide long-term credit or loan to other enterprises for capital projects. They provide loans for projects in the area of agriculture, commerce and industry. Examples of development banks in Nigeria are Nigeria Industrial…
BANK CLEARING HOUSE
Bank clearing house is an institution established by member banks to simplify exchanging and obtaining of payments for the cheques that are paid into bank branches throughout the country. The clearing system is used among banks to settle cheques drawn…
FEEDING MECHANISMS IN HOLOZOIC ORGANISMS
There are five modifications and mechanisms of feeding associated with someorganisms. These feeding mechanisms include: 1) Absorbing mechanisms, e.g. tapeworm The tapeworm is an endoparasite which carries out parasitic feeding on its host i.e ., the man. It has no…
Study Guide
