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Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
John Hay, Open Door Notes
Leaning on the Trade
A strategy used by traders to manipulate prices by taking positions that influence other traders to move a market in a desired direction.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including repayment timelines and interest rates.
Prompt Payment Discount
A discount offered by sellers to buyers for paying their bills promptly, usually defined as within a specified number of days.
Borrowing Rate
The interest rate or cost that a borrower pays to a lender to borrow money.
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