The Financial Instruments-49

Financial Markets For The Rest Of Us
An Easy Guide To Money, Bonds, Futures, Stocks, Options, And Mutual Funds

by Robert Hashemian

Page 49

Here are a few other concepts and terms we may need to clarify:

Securities are paper or electronic certificates evidencing ownership of equity (stocks), debt obligations (bonds), or rights (options and futures).
Capital market refers to the market in which corporate equity (stocks) and longer-term debt securities (those maturing in more than one year) are issued and traded. These include any stocks and Treasury bonds.
Money market refers to the market in which short-term debt securities are purchased and sold. Money market securities generally are highly liquid (easily converted to cash) securities that mature in less than one year, typically less than 90 days. These include 3-month T-bills and Commercial Papers (short-term promissory notes issued by corporations) ….

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Table of Contents Copyright and Disclaimer

Book Chapters

Table of Contents	Copyright and Disclaimer	Foreword	Money
Bonds	Futures	Stocks	Options
Mutual Funds	Retirement	Final Words	Appendix A