- instrument
- A product traded at CME, i.e., the CME S&P 500 Index futures contract. Chicago Mercantile Exchange Glossary
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instrument in‧stru‧ment [ˈɪnstrmənt] noun [countable]• the growth of financial instruments such as options and futures
ˈdebt ˌinstrument FINANCEan instrument such as a bond, by which a promise is made to repay borrowed money to the investor:• Convertible capital bonds are debt instruments on which interest is paid periodically.
ˈequity ˌinstrument FINANCEa share or a share optionˈhedging ˌinstrument FINANCEan instrument used by investors to balance any risk of losing money with other investments they hold:• You can protect yourself against future rises in interest rates by a hedging instrument known as a forward rate agreement.
ˈmoney-market ˌinstrument FINANCEa bond, a certificate of deposit, commercial paper etc rather than shares:• Treasury bills and other money-market instruments
neˌgotiable ˈinstrument FINANCEan instrument that can be traded on a financial market:• Debt instruments in the Euromarkets are negotiable instruments.
2. also statutory instrument LAW an instruction given by a British minister that has the force of a law:• The Secretary of State may, by order made by statutory instrument, determine the fees payable by any applicant to a licensing board.
3. LAW a formal legal documenta formal legal document that creates a trust (= arrangement where someone controls another person's money for them ) . It states who will manage the trust, how it is to be managed, and who will gain from it; = trust deed* * *
instrument UK US (also financial instrument) /ˈɪnstrəmənt/ noun [C]► FINANCE a financial asset that can be bought or sold, such as a bond, share, or other security : »Fixed-income instruments include bonds, Treasury bills, and notes.
»This will still leave sufficient funds in low-risk instruments such as the debt market.
»Hedging instruments such as futures contracts are priced in dollars.
► a tool, especially one without electrical power, used for performing a particular piece of work: surgical/precision/optical instrument »The first optical instruments were telescopes.
► a piece of equipment used for measuring speed, height, etc. in vehicles, especially aircraft: »flight instruments
► a way of achieving or causing something: »The main instrument of change was the bank credit card.
► LAW a legal document: »This is a legal instrument and both claims will have to be decided by the English High Court.
→ See also DEBT INSTRUMENT(Cf. ↑debt instrument), EQUITY INSTRUMENT(Cf. ↑equity instrument), MONEY-MARKET INSTRUMENT(Cf. ↑money-market instrument), NEGOTIABLE INSTRUMENT(Cf. ↑negotiable instrument), STATUTORY INSTRUMENT(Cf. ↑statutory instrument), TRUST INSTRUMENT(Cf. ↑trust instrument)
Financial and business terms. 2012.
