Term
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Definition
| The markets in which assets are bought or sold for "on-the-spot" delivery. |
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Term
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Definition
| The markets in which participants agree today to buy or sell an asset at some future date. |
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Definition
| The financial markets in which funds are borrowed or loaned for short periods (less than one year). |
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Term
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Definition
| The financial markets for stocks and for intermediate- or long-term debt (one year or longer). |
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Term
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Definition
| Markets in which corporations raise capital by issuing new securities. |
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Definition
| Markets in which securiteis and other financial assets are traded among investors after they have been issued by corporations |
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Definition
| Markets in which transactions are worked out directly between two parties. |
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Term
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Definition
| Markets in which standardized contracts are traded on organized exchanges. |
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Term
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Definition
| Any financial asset whose value is derived from the value of some other "underlying" asset. |
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Term
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Definition
| An organization that underwriets and distributes new investment securities and helps businesses obtain financing. |
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Term
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Definition
| The traditional department store of finance serving a variety of savers and borrowers |
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Term
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Definition
| The traditional deparment store of finance serving a wide variety of savers and borrowers. |
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Term
| Financial Services Corporation |
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Definition
| A firm that offers a wide range of financial services, including investment banking, brokerage operations, insurance, and commercial banking. |
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Term
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Definition
| Organizations that pool investor funds to purchase financial instruments and thus reduce risks through diversification. |
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Term
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Definition
| Mutual funds that invest in short-term, low-risk securites and allow investors to write checks against their accounts. |
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Term
| Physical Location Exchanges |
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Definition
| Formal organizations having tangible physical locations that conduct auction markets in designated ("listed") securities. |
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Term
| Over-the-Counter (OTC) Market |
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Definition
| A large collection of brokers and dealers, connected electronically by telephones and computers, that provides for trading in unlisted securities |
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Term
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Definition
| Includes all facilities that are needed to conduct security transactions not conducted on the physical location exchanges. |
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Term
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Definition
| A corporation that is owned by a few individuals who are typically associated with the firm's management. |
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Term
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Definition
| A corporation that is owned by a relatively large number of individuals who are not actively involvd in the firm's management. |
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Term
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Definition
| The act of selling stock to the public at large by a closely held corporation or its principal stockholders. |
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Term
| Initial Public Offering (IPO) Market |
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Definition
| The market for stocks of companeis that are in the process of going public. |
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