Gilles Herard Jr

Gilles Herard Jr, Gilles Herard, Herard Gilles Jr
Capital Corp Merchant Banking, an entity whose income exceeds their expenditure can lend or invest the excess income. On the other hand, an entity whose profit is less than its expenditure can advance capital by borrowing or dealing equity claims, decreasing its disbursals, or increasing its income.

The lender can find a borrower, a financial intermediary such as a bank, or buy notes or bonds in the bond market. The lender takes in interest, the borrower pays a higher interest than the lender receives, and the financial intermediary pockets the difference.

A bank combines the activities of many borrowers and lenders. A bank accepts deposits from loaners, on which it pays the interest. The bank then lends these banks to borrowers. Banks allow borrowers and lenders, of dissimilar sizes, to coordinate their activity. Banks are thus compensators of money flows in space.