Book Description

Excerpt from Smith's Financial Dictionary The terms embraced in the vocabulary of finance practically constitute in themselves a language. Furthermore, these terms have become legal by usage; they have, indeed, in many instances, been incorporated into the statutes. The nomenclature of finance may be said to be a part of the system of finance, for without recourse to that nomenclature no financial proposition can be advanced or financial engagement entered into or consummated. Smiths Financial Dictionary was compiled for the purpose of assembling and interpreting the terms employed in financial and allied commercial affairs. In addition to furnishing a catalogue of terms, with their meaning, the work treats, under proper titles, the whole range of banking, money, credit, stocks and bonds, commercial paper and other negotiable instruments, domestic and foreign exchange, and speculation in securities and commodities. The Dictionary is international in its scope. It contains the financial and related terms in use in Great Britain as well as those in use in the United States; so that it encompasses the list of such terms in the English language. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.