Capital Market is market for financial assets which have
long and indefinite maturity.Both the stock and bond markets are parts of the capital
markets.
Unlike money market instruments the capital market instruments become mature for the period above one year.
Capital market provides long term debt and equity finance
for the government and the corporate sector.
Capital market can be classified
into primary and secondary markets. The primary market is a market for new
shares, where as in the secondary market the existing securities are traded.
A capital market is a market for securities (debt or
equity), where business enterprises (companies) and governments can raise
long-term funds. It is defined as a market in which money is provided for
periods longer than a year
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