Icore finance exam 1 - Study guides, Class notes & Summaries

Financial Contract - The exchange of money or cash flow across time Financial Security - A financial contract that trades in a financial market. T-Bill - The U.S. Government promises to deliver a single cash flow at some set date within a year’s time. This future flow of cash is called the bill's face value or par value. (Money Market Security and Debt security- zero coupon debt) < 1 year Commercial Paper - Similar to T-Bill except instead of the government, a corporation is i...