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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
Federal National Mortgage Association (FNMA)
Financial services; Commodity exchange
A corporation created by Congress to support the secondary mortgage market; it purchases and sells residential mortgages insured by the Federal Home Administration (FHA) or guaranteed by the ...
Leverage contract
Financial services; Commodity exchange
A contract, standardised as to terms and conditions, for the long-term (ten years or longer) purchase (long leverage contract) or sale (short leverage contract) by a leverage customer of leverage ...
Call option
Financial services; Commodity exchange
A contract that entitles the buyer/taker to buy a fixed quantity of commodity at a stipulated basis or striking price at any time up to the expiration of the option. The buyer pays a premium to the ...
Loan programme
Financial services; Commodity exchange
A federal programme in which the government lends money at preannounce rates to farmers and allows them to use the crops they plant for the upcoming crop year as collateral. Default on these loans is ...
Banker's acceptance
Financial services; Commodity exchange
A draught or bill of exchange accepted by a bank where the accepting institution guarantees payment. Used extensively in foreign trade transactions.
Delivery instrument
Financial services; Commodity exchange
A document used to effect delivery on a futures contract, such as a warehouse receipt or shipping certificate.
Price limit order
Financial services; Commodity exchange
A customer order that specifies the price at which a trade can be executed.
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