Survey test def 1 - Bankers Acceptance- Like a postdated...

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Unformatted text preview: Bankers Acceptance- Like a postdated check written by a bank customer to a bank ordering the bank to to pay a sum of money at a future date. Call option- gives you the right to "call in" (buy) an asset. You profit on a call when the underlying asset increases in price. So if you set it at 110 and it increases to 120 you can still buy at 110 Put- option to sell an asset for a specified price before a specified expiration date. o If you set it at 110 and it decreases to 100 you can still sell at 110 Futures contract- obliges traders to purchase or sell an asset at an agreed-upon price at a specified date o Long is same as call but you obligitarory o Short is same as put but its obligatory Certificate of deposit- time deposit with bank- fixed term Not payable on demand. Gets interest from the bank. Commercial paper- short term unsecured debt notes issued by larger companies directly to the public rather than borrowing from banks Common stocks ownership shares in a corporations...
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This note was uploaded on 06/05/2011 for the course FINA 4310 taught by Professor Staff during the Fall '08 term at University of Georgia Athens.

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Survey test def 1 - Bankers Acceptance- Like a postdated...

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