| Library / 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)
