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Quote by Shneur Zalman of Liadi

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Shneur Zalman of Liadi
Shneur Zalman of Liadi

Shneur Zalman of Liadi, born on September 4, 1745, and died on December 27, 1812, was a prominent rabbi and a key figure in the Hasidic movement within Judaism. His life and thoughts had a profound impact on Jewish religion. more

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“Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral.”