Object

PLMET:

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Title:

Functions of bonds  
Funkcje obligacji

Creator:

Bursztynowicz, Michał

Subject and Keywords:

bonds   functions of bonds   security   issuer   bondholder  
obligacje   funkcje obligacji   papier wartościowy   emitent   obligatariusz

Abstract:

Here is a coherent juxtaposition of theses concerning the functions of bonds which appeared in achievements of law and economics doctrine. Functions implemented by bonds doubtlessly indicate serious tasks provided by these financial instruments.Firstly, the importance of this security in economy circulation must be presented economy function. Next, it is necessary to indicate, as it is rightly emphasised in the literature, a division of bonds functions into those referring only to issuers or only to bondholders.Indisputable is the fact that the emission of bonds is to bring the additional financial resources to their issuers loan function, which can be used on issuer’s development development function, restructuring of their activities reconstructing function or an economy balance retrieving and further business continuation stability function. From the issuers’ point of view, bonds are perceived as one of the forms of free resources investment investment function.Nonetheless, bonds can be an attractive rotation of goods, as laws incorporated in them may be carried from the actual owner to another subject paying and circulation function. According to this, a certain level of reliability must be provided that issuers’ obligations resulting from bonds will be realised guaranty function.In the present article, special functions of bonds were enlisted as well as common bonds modifications and the basic and side functions of bonds.

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Contributor:

Klat-Wertelecka, Lidia (1967-2017). Red.

Date issued:

2013

Date copyrighted:

Detailed Type:

czasopisma (wydawnictwa ciągłe)   artykuł

Identifier:

oai:repozytorium.uni.wroc.pl:119433   ISSN 0524-4544   ISSN 0239-6661

Source:

PAd P 101182 II

Language:

pol   eng

Relation:

Acta Universitatis Wratislaviensis, ISSN 0239-6661, No 3508. Prawo, ISSN 0524-4544, 2013, 315, nr 1, s. 75-89

WUL Catalog:

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Is version of:

Czasopisma Naukowe w Sieci (CNS)

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.

Location of original object:

Biblioteka Wydziału Prawa, Administracji i Ekonomii

Autor opisu:

WR U/PAdbg