/ English Dictionary

DEBT INSTRUMENT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A written promise to repay a debt

Synonyms:

certificate of indebtedness; debt instrument; obligation

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("debt instrument" is a kind of...):

document (a written account of ownership or obligation)

Hyponyms (each of the following is a kind of "debt instrument"):

cash equivalent (a highly liquid debt instrument with maturities of less than three months)

CD; certificate of deposit (a debt instrument issued by a bank; usually pays interest)

note; note of hand; promissory note (a promise to pay a specified amount on demand or at a certain time)

floater (a debt instrument with a variable interest rate tied to some other interest rate (e.g. the rate paid by T-bills))

bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)

Credits

YOU MAY ALSO LIKE