CHAPTER 5 Spot Lending
“Neither a borrower nor a lender be; For loan oft loses itself and a friend, and borrowing dulls the edge of husbandry.”
William Shakespeare
Glossary of Terms
Loan: The extension of credit via a typically untraded and illiquid debt contract.
Security: A financial claim, debt, or equity, which may be traded or untraded.
COD: Cash on delivery as a method of payment for goods received.
Commercial Paper: Unsecured debt, offered as a short-maturity (less than 270 days) security by corporations.
T-bills, T-notes, and T-bonds: Debt securities of varying maturities issued by the U.S. government through the U.S. Treasury Department; hence, “T” for Treasury.
FHLB: Federal Home Loan Bank. The Federal Home Loan Bank System, headed ...
Get Contemporary Financial Intermediation, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
