TeachMeFinance.com - explain Financial Instrument
financial instrument -- a legally enforceable agreement between two or more parties, expressing a contractual right or a right to the payment of money. Practically all documents used in credit are financial instruments, including checks, drafts, notes and bonds .
Financial Instrument -- A document which has a monetary value or is evidence of a monetary transaction, such as drafts, bills of exchange, checks and promissory notes.
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