Sources of Business Finance — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMSources of Business Finance2 Marks
Question
What is the main difference between bond and public deposit ?
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Answer
Main difference between 'bond' and 'public deposit' is :
$(1)$ Bond is issued to satisfy long term need of finance. Company accepts public deposit to fulfill its need for working capital which is for short term.
$(2)$ Bond is of certain specific period while public deposit is for 3 months to 36 months.
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