Like zero coupon bonds they do not pay interest prior

Like zero-coupon bonds, they do not pay interest prior to
maturity; instead they are sold at a discount of the par
value to create a positive yield to maturity
 Treasury bonds ( T-Bonds , or the long bond ) have the
longest maturity, from twenty years to thirty years. They
have a coupon payment every six months and are
commonly issued with maturity of thirty years.

Types of Near Money
5 Bonds near their redemption date.
In finance, a bond is an instrument of indebtedness of the
bond issuer to the holders. The most common types of
bonds include municipal bonds and corporate bonds.
The bond is a debt security, under which the issuer owes the
holders a debt and (depending on the terms of the bond) is
obliged to pay them interest (the coupon) or to repay the
principal at a later date, termed the maturity date. Interest
is usually payable at fixed intervals (semiannual, annual,
sometimes monthly).

Types of Near Money
6 Foreign currencies, especially widely traded ones
such as the US dollar, euro or yen.

Shares & Preference Shares
Equity shares are the ordinary shares of the company. The
holder of the equity shares are the real owners of the
company, i.e. the amount of shares held by them is the
portion of their ownership in the company.
Equity shareholders have some privileges like they get
voting rights at the general meeting, they can appoint or
remove the directors and auditors of the company. Apart
from that, they have the right to get the profits of the
company, i.e. the more the profit, the more is their dividend
and vice versa. Therefore, the amount of dividends is not
fixed. This does not mean that they will get the whole profit,
but the residual profit, which remains after paying all
expenses and liabilities on the company.

Shares & Preference Shares
Preference Shares , as its name suggests, gets precedence
over equity shares on the matters like distribution of
dividend at a fixed rate and repayment of capital in the
event of liquidation of the company.
The preference shareholders are also the part owners of the
company like equity shareholders, but in general, they do
not have voting rights. However, they get right to vote on
the matters which directly affect their rights like the
resolution of winding up of the company, or in the case of
the reduction of capital.

Key Differences
•
Equity shares cannot be converted into preference shares. However,
Preference shares could be converted into equity shares.
 Equity shares are irredeemable, but preference shares are redeemable.
 The next major difference is the ‘right to vote’. In general, equity shares
carry the right to vote, although preference shares do not carry voting
rights.
 If in a financial year, dividend on equity shares is not declared and paid,
then the dividend for that year lapses. On the other hand, in the same
situation, the preference shares dividend gets accumulated which is paid
in the next financial year except in the case of non-cumulative
preference shares.
 The rate of dividend is consistent for preference shares, while the rate of
equity dividend depends on the amount of profit earned by the company
in the financial year. Thus it goes on changing.