Chapter 1 Terms Flashcards
1
Q
What is a Treasury Bill (T-Bill)
A
A short-term government issued security yielding no interest but given at a discount from its redemption price.
2
Q
What is a Endowment fund?
A
It is an investment portfolio normally used by non-profits to help cover operating costs.
3
Q
What is Commercial paper?
A
It is a money market security issued by large corporations to obtain funds to meet short-term debt obligations.
4
Q
What is a Debenture?
A
A loan backed by general credit rather than specified assets.
