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A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...
A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque (check in American English), defined as a bill of exchange drawn on a banker and payable on demand. Bills of exchange are used primarily in international trade, and are written orders by one ...
1 year Bonds: Loans: Bond futures Options on bond futures: Interest rate swaps Interest rate caps and floors Interest rate options Exotic derivatives: Debt (short term) ≤ 1 year Bills, e.g. T-bills Commercial paper: Deposits Certificates of deposit: Short-term interest rate futures: Forward rate agreements: Equity: Stock: N/A Stock options ...
Coupon (or Nominal) Yield – Suppose someone buys a one-year bond with a face value of $1,000 bond and an annual coupon of $50. Holding that bond for one year (to maturity) would result in a ...
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After writing 14 Bond books, John Gardner retired in 1996, and Raymond Benson, controversially at first, the first American to write a James Bond novel, replaced him. It was during Benson's six-book run that the company owning the rights to the Bond characters changed names from Glidrose Publications to Ian Fleming Publications; the publisher's ...
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