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Chapter 2 finance

Fundamental concepts in financial management

the markets in which assets are bought or sold for "on-the-spot" delivery. Spot market
the markets in which participants agree today to buy or sell an asset at some future date. futures markets
the financial markets in which funds are borrowed or loaned for short periods. money markets
the financial markets for stocks and for intermediate- or long-term debt capital markets
markets in which corporations raise capital by issuing new securities primary markets
markets in which securities and other financial assets are traded among investors after they have been issued by corporations. secondary markets
markets in which transactions are worked out directly between two parties. private markets
markets in which standardized contracts are traded on organized exchanges public markets
any financial asset whose value is derived from the value of some "underlying" asset derivative
an organization that underwrites and distributes new investment securities and helps businesses obtain financing. investment bank
the traditional department store of finance serving a variety of savers and borrowers. commercial bank
a firm that offers a wide range of financial services, including investment banking, brokerage operations, insurance, and commercial banking. financial services corporation
organizations that pool investor funds to purchase financial instruments and thus reduce risks through diversification mutual funds
mutual funds that invest in short-term, low-risk securities and allow investors to write checks against their accounts. money market funds
formal organizations having tangible physical locations that conduct auction markets in designated securities physical location exchanges
a large collection of brokers and dealers, connected electronically by telephones and computers, that provides for trading in unlisted securities over-the-counter (OTC) market
includes all facilities that are needed to conduct security transactions not conducted on the physical location dealer market
a corporation that is owned by a relatively large number of individuals, who are not actively involved in the firm's management publicly owned corporation
the act of selling stock to the public at large by closely held corporation or its principal stockholders going public
the market for stock of companies that are in the process of going public initial public offering (IPO) market
Created by: bmac11