Syllabus Theory Unit 3 Short Term Finance Flashcards
1
Q
Define Cash management trust
A
pool of money contributed by business which is placed in low risked investment(gov guaranteed securities or promissiory notes issued by major big companies
2
Q
Define Money Market
A
Place where banks and other financial institutes buy and sell debt instruments (prommisary notes, bank bills, commercial bills)
3
Q
Def Bank bill
A
short term bank loan
4
Q
Def commerical bill
A
non bank loan
5
Q
Def term deposits
A
money borrwed or deposited to bank for a specfied time period can be short or long term
