financial instrument

Related Terms
A document (such as a check, draft, bond, share, bill of exchange, futures or options contract) that has a monetary value or represents a legally enforceable (binding) agreement between two or more parties regarding a right to payment of money. See also debt instrument, equity instrument, and financing instrument.

Use 'financial instrument' in a Sentence

We had the financial instrument set in place and were ready to begin the next phase of the process, which would take a long time.
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Due to the financial instrument they had drawn up both parties were able to dissolve the partnership without a legal battle.
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You should always know how to read any financial instrument so that you can always have a good grasp on where things stand.
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