financial terms

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Author:
wsrdpc
ID:
81823
Filename:
financial terms
Updated:
2011-04-25 22:40:25
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financial terms
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financial terms
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  1. T Bill
    • Treasury bill
    • short term obligations of the federal government
  2. T Note
    • Treasury Note
    • Intermediate term obligation of the federal government with maturities from 1 to 10 years
  3. Federal Agency Securities
    Securities issued by agencies such as Federal Home Loan Bank, Federal land bank, Fannie Mae & Freddie Mac
  4. CD
    • Certificate of Deposit
    • a certificate offered by banks, savings and loans, & other financial institutions for the deposit of funds at a given interest rate over a specified time period
  5. Commercial Paper
    An unsecured promissory note that large corporations issue in investors, minimum amount $25,000
  6. Bankers Acceptance
    short term securities that frequently arise from foreign trade. The acceptance is a draft that is drawn on a bank for approval for future payment and is subsequently presented to the payer
  7. Eurodollar
    U.S. dollars held on deposit by European banks & laoned out by those banks to anyone seeking dollars
  8. Money Market Funds (MMFs)
    • fund in which investors may purchase shares for as little as $500 or $1000. reinvests proceeds in high yielding bank CDs, commerical paper & other large denomination high yielding securities
    • Investors receive pro rata portion of interest proceeds daily as credit to shares
  9. Money Market (Deposit) Accounts (MMDA)
    Accounts at banks, savings and loans & credit unions where depositor receives competitive money market rates on typical min deposit $1000 have 3 deposit & 3 withdrawals a month not meant to be transaction account but place to keep excess cash balances insured up to $100,000
  10. financial paper/direct paper
    large firms dealing directly with lenders for commercial paper
  11. dealer paper
    commercial paper thru intermediate network of dealers due to companies being to small

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