{"id":1015,"date":"2018-10-04T14:44:45","date_gmt":"2018-10-04T12:44:45","guid":{"rendered":"http:\/\/muzeum.netfolio.hu\/?page_id=1015"},"modified":"2020-09-13T07:12:27","modified_gmt":"2020-09-13T05:12:27","slug":"ertekpapir","status":"publish","type":"page","link":"https:\/\/tozsdemuzeum.hu\/en\/ertekpapir\/","title":{"rendered":"Securities"},"content":{"rendered":"
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Stocks<\/h2>\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t

Shares are securities that express ownership rights. Shares of that time were not very different from today's shares, perhaps only in that they had a maturity (usually long, 50 years) and repayment was often made by drawing lots for, say, 2% of shareholders in a year and repaying them the face value. In most cases, the share was then withdrawn by the issuing company, but in some cases a so-called ``advantage coupon'' was given in exchange, which only entitled to a certain part of the dividend (for example, more than 6% of the nominal value).<\/p>\n\t\t\t\t\t\tList of stocks<\/a>\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\r\n\t\t

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Bonds<\/h2>\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t

Bonds are securities that express the right of creditors. The government bonds of the period differed significantly from today's bonds in two respects: firstly, they were typically perpetual bonds, i.e. they had no maturity and paid only interest, and secondly, in many cases the payment was fixed in a precious metal coin (gold forint, silver forint). High-interest bonds, on the other hand, were redeemed by the states when their financial situation allowed, so that they had a hidden repurchase option.<\/p>\n\t\t\t\t\t\tList of bonds<\/a>\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\t\t\r\n\t\t

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Currencies and metals<\/h2>\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t

Currencies and precious metals were put in the same category because before the First World War the so-called gold standard system was in force, i.e. the metal content of the money was fixed and national banks were obliged to redeem it at that rate. On the other hand, many coins did indeed have a precious metal content.<\/p>\n\t\t\t\t\t\tList of currencies and metals<\/a>\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t<\/div><\/div><\/div><\/div>

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  1. \r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
  2. \r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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    \"What is needed is a serious, persistent will on the part of each of us, directed to visit, use and animate the young institution frequently, perhaps at first with some sacrifice of our habits, our desires and our interests.\"<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/i>\r\n\t\t\t\t\t\t\t\t\t\t\t\t

    Baron Frigyes Kochmeister (1816-1907)<\/h3>\t\t\t\t\t\t\t\t\t\t\t\tPresident of the BSE (1864-1900)<\/span>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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    \"As regards freedom of action, our institution desires nothing more than to do what is in the interest of the country as a whole, and to be free from any unilateral tendency, as it has been far from seeking to cultivate its own interests at the expense of the common good. \"<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/i>\r\n\t\t\t\t\t\t\t\t\t\t\t\t

    Baron Zsigmond Kornfeld (1852-1909)<\/h3>\t\t\t\t\t\t\t\t\t\t\t\tPresident of the BSE (1900-1909)<\/span>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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    \"Our poor mother, this dismembered Hungary is sick, seriously sick, and let us put aside all other interests, real or apparent, and keep in mind the only point of view: what is necessary, what is good for our poor, sick mother: Hungary.\"<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/i>\r\n\t\t\t\t\t\t\t\t\t\t\t\t

    S\u00e1ndor Fleissig (1869-1939)<\/h3>\t\t\t\t\t\t\t\t\t\t\t\tPresident of the BSE (1931-1939)<\/span>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n\t<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"R\u00e9szv\u00e9nyek A r\u00e9szv\u00e9nyek tulajdonjogot kifejez\u0151 \u00e9rt\u00e9kpap\u00edrok. A korabeli r\u00e9szv\u00e9nyek nem sokban k\u00fcl\u00f6nb\u00f6ztek a maiakt\u00f3l, tal\u00e1n csak annyiban, hogy volt lej\u00e1ratuk (\u00e1ltal\u00e1ban hossz\u00fa, 50 \u00e9v), a visszafizet\u00e9s pedig sokszor \u00fagy t\u00f6rt\u00e9nt, hogy egy \u00e9vben kisorsolt\u00e1k a r\u00e9szv\u00e9nyesek p\u00e9ld\u00e1ul 2%-\u00e1t, \u00e9s nekik visszafizett\u00e9k a n\u00e9v\u00e9rt\u00e9ket. Ilyenkor legt\u00f6bbsz\u00f6r a r\u00e9szv\u00e9nyt bevonta a kibocs\u00e1t\u00f3 c\u00e9g, de n\u00e9h\u00e1ny esetben \u00fan. [...]","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-1015","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/pages\/1015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/comments?post=1015"}],"version-history":[{"count":55,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/pages\/1015\/revisions"}],"predecessor-version":[{"id":6654,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/pages\/1015\/revisions\/6654"}],"wp:attachment":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/media?parent=1015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}