Legal Foundations of Finance

Authored by: Katharina Pistor

The Routledge Handbook of Financial Geography

Print publication date:  December  2020
Online publication date:  December  2020

Print ISBN: 9780815369738
eBook ISBN: 9781351119061
Adobe ISBN:

10.4324/9781351119061-26

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Abstract

Finance is about making investments in an unknown future in the hope and expectation of making some return on that investment. Financial assets are specific manifestations of a claim to receive some payoff at a future date, whether it is a debt instrument, or an ‘I owe you’ (IOU), or a share that promises participation in any profit the project generates.

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