Stocks | Bonds | |
Nature | A unit of ownership of the company | A loan to the company |
Profits over time | Intended to appreciate in value through time (not guaranteed) | Pays fixed interest over time (ceases if corp. is dissolved) |
Traded where | Stocks exchange through brokers such as COL, Timson Securities, banks, etc. | Mutual funds, brokers |
Medicard vs. CIR Digest
Facts CIR found discrepancies in the ITR of Medicard. It then issued a Letter of Notice (LN) to Medicard, then PAN, then FAN. No issuance of LOA to the revenue officer. Arguments CIR: