Related Words

Limited-Liability Instrument: A security, such as a call option, in which the owner can lose only the initial investment.

Keyboard Instrument: Instrument sounded by means of a keyboard (a series of keys played with the fingers). The most commonly recognized keyboard instruments are the piano, organ, harpsichord and synthesizer, a r . . . View Full Definition

Instruments: Notes issued by a federal agency whose obligations are guaranteed by the full-faith-and-credit of the government, even though the agency's responsibilities are not necessarily those of the U . . . View Full Definition

Instrumentation: Arrangement of music for a combined number of instruments.

Instrumentality: The gradual domination of financial markets by institutional investors, as opposed to individual investors. This process has occurred throughout the industrialized world.

Musical Instrument Digital Interface (MIDI): An interface as well as file format standard for using a musical instrument with a computer and recording and storing the data from it. A MIDI file contains information about recorded notes: . . . View Full Definition

Underlying Instrument: An underlying instrument is a security, such as a stock, a commodity, or other type of financial product, such as a stock index, whose value determines the value of a derivative investment o . . . View Full Definition

Percussion Instrument: Instrument made of metal, wood, stretched skin or other material that is made to sound by striking, shaking, scraping or plucking. The many varied percussion instruments fall into two basic . . . View Full Definition

Negotiable Instrument: A written promise or order to pay a specific sum of money that may be transferred by endorsement or delivery. The transferee then has the original payees right to payment.

Instrument Shelter: A boxlike structure designed to protect temperature measuring instruments from exposure to direct sunshine, precipitation, and condensation, while at the same time time providing adequate ve . . . View Full Definition