Short Term Securities

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Excerpt from Short Term Securities: With the Important Feature of Each Issue Arranged for Convenient ReferenceIf the issuance of short term securities is caused by conditions unfavorable to the borrower, it is the purchaser of such securities who reaps the benefit, and investors generally are coming more and more to regard a conservatively chosen short term investment with favor, and to consider that the trouble incident to investment and reinvestment is more than offset by its advantages. Securities of this class can generally be acquired at a comparatively high income yield, and, given the same general conditions of security and form as a long term issue, are subject to less range of ¿uctuation in price and are apt to have a closer and quicker market, owing to the comparatively short time in which they become due.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.