Final answer:
Issuers are the original creators and sellers of financial assets, while non-issuers are individuals or entities who do not have the authority to redeem or purchase the assets directly from the original issuer.
Step-by-step explanation:
Issuers are the original creators and sellers of financial assets, such as bonds. They are the ones who issue the assets and can redeem or purchase them when they are sold.
Non-issuers refer to individuals or entities who are not the original creators or sellers of financial assets. They may purchase or hold these assets, but they do not have the authority to redeem or purchase them directly from the original issuer.
For example, when a company issues a bond, it becomes the issuer. Investors who purchase the bond become non-issuers since they do not have the authority to redeem the bond from the company.