summaries

Liar's Poker: Rising Through the Wreckage on Wall Street

mendi926Vocabulary listWords: 5
English
English
AI Generated
BondA type of investment that earns interest over time
Definitions:
An investment that represents a loan made by investors to a corporation or government in exchange for regular interest payments and the return of the loan at maturity.
ArbitrageBuying low and selling high in different markets
Definitions:
The simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset.
HedgeTo guard against financial risk
Definitions:
An investment to reduce the risk of adverse price movements in an asset.
LiquidityHow quickly an asset can be converted into cash
Definitions:
The availability of liquid assets to a market or company.
TreasuryThe funds or revenue of a government, corporation, or institution
Definitions:
The governmental department responsible for the collection, management, and expenditure of the public revenue.