Document Type

Article

Citation Information

Please cite to the original publication

Abstract

Financial intermediaries accumulate capital for reinvestment in debt
or equity claims against ultimate investors such as nonfinancial business
enterprises, governmental units, and purchasers of real property.
They are called intermediaries because they serve as middlemen between
suppliers of capital-more particularly savers, investors, depositors,
shareholders, policyholders, or beneficiaries-and investors in real
assets.

Date of Authorship for this Version

1975

Keywords

capital, tax treatment

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