Stuff you should know: Difference between revisions

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*How [[agency]] works and ''why you can’t be [[agent]] for yourself'';
*How [[agency]] works and ''why you can’t be [[agent]] for yourself'';
*The nature of [[cash]] and [[indebtedness]];
*The nature of [[cash]] and [[indebtedness]];
*The difference between shares and bonds, and the corporate [[capital structure]];
*The difference between [[shares]] and [[bonds]], where they fit in the [[capital structure]] and, indeed, what a [[capital structure]] ''is'';
*What is a [[trust]];
*What [[trust]]s are and why we use them;
*How [[bank account]]s work, and why banks don’t keep your money in a little jar with your name on it (in part because, per the nature of cash, they ''can’t'');
*How [[bank account]]s work, and why banks don’t keep your money in a little jar with your name on it (in part because, per the nature of cash, they ''can’t'');
*The nature of the deal: [[offer]], [[acceptance]] and [[consideration]];
*The nature of the deal: [[offer]], [[acceptance]] and [[consideration]];

Revision as of 11:10, 29 September 2020

In which the curmudgeonly old sod puts the world to rights.
Index — Click ᐅ to expand:
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In a desperate attempt to stop salespeople going, “hey legal eagles, can you read this email for me”, and to counterpoint lackadaisical credit officers saying, “the question of whether we have credit risk to that bank account is a legal question on which I can’t opine”[1] we are running a snagging list of legal concepts about which no bank employee should plead ignorance. It is your job to know this stuff.

Stuff you should know, banker’s edition, then:

See also

Derivatives as explained to my neighbour Phil

References

  1. Real-life quote, by the way, from a managing director in a global investment bank, to which the retort should have been, but I regret to say was not, “pal, if you are really saying you don’t know that, you need to get your coat”.