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22 Cards in this Set
- Front
- Back
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The market in which asset are brought or sold for "on the spot" delivery |
Spot market |
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The market in which participants agree today to buy or sell an asset at some future date |
Future market |
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The financial markets for stocks and for intermediate is long term doubt |
Capital market |
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Markets in which corporations raise capital by issuing new securities |
Primary market |
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Markets in which securities and other financial assets are traded among the investors after they have been issued by corporation. |
Secondary markets |
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Markets in which transactions are worked out directly between two parties |
Private markets |
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Markets in which standardized contracts are traded on organized exchanges |
Public market |
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Any financial asset whose value is derived from the value of some other "underlying asset" |
Derivatives |
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An organization that underwrites and distributes new investment securities and helps businesses obtaining financing |
Investment bank |
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The traditional department store of finance serving variety of savers and borrowers. |
Commercial bank |
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A firm that offers a wide range of financial services including investment banking brokerage operation, insurance and commercial banking |
Financial services corporation |
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Reminder |
Saving and loan association and mutual saving banks are now been merged in commercial bank |
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Organizations that pool investor fund to purchase financial instruments and thus reduce risk through diversification |
Mutual funds |
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Mutual funds that invest in short term, low risk securities and allow investors to write checks against their accounts. |
Money market funds |
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Formal organizations having tangible physical locations that conduct auction markets in designed securities |
Physical location exchange |
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A large collection of brokers or dealers connected electronically by telephones for trading in unlisted securities |
Over-the-counter market |
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Includes all facilities that are needed to conduct security transactions not conducted on the physical location exchanges |
Dealer market |
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A corporation that is owned by a few individuals who are typically associated with the firm's management |
Closely held corporation |
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A corporation that is owned a relatively large number old individuals who are not actively involved in the firm's management |
Publicly owned corporation |
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The act of selling stock to the public at large by a closely held corporation or its principal shareholder |
Going public |
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The market for stocks of companies that are in the process of going public. |
Initial public offering market |
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Reminder |
Capital market long term while money market are for short term |
