Sunday, August 7, 2011

Stock Market ; Share Market,Ancient Defination

The word STOCK came from British Territory which literary means to have a part of something or to have a share of anything.And the Stock Market means Share Market,which refers the place where the share of a Limited or any  Company's shares are being sold or bought by the respective share traders.There was a system on Eighteen Century (1800 AD) in England in the Transaction procedure of Banking system.If someone individual took some loan at that time from a Bank,that Bank used a stick for future determination and they (Bank) cut that stick in two pieces where one piece of that stick,they reserve  in the Bank's vault and the other part of that they give it to that loan taker.Both of the part of that stick had different name.The part which belonged to the loan taker called the STOCK and other part which belonged to the Bank,called FOIL.It was the only way to stop the scam in Loaning at that time.After the borrower taking the loan,the  Bank would make together of the thread of that two part of the stick to justify the borrower's identity.The name of justifying the borrower's identity in this way was "CHECK" or to Examining.The British Parliament,than in 1826 AD abolished this method from the Banking Transaction.And than, all the sticks,used by that period of time were burned down to the earth.But the words ; STOCK and CHECK, have been using in other way of transaction.The Check word is being using in the paper which we use to withdraw money from the account.And the word STOCK MARKET went for the share market.

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