Examlex
The change of rocks from one type to another is known as
Underlying Asset
An asset (such as a stock, bond, commodity, or currency) upon which a derivative instrument, such as an option, is based.
Interest Rate Futures
Financial futures contracts that obligate the buyer to purchase an asset (like Treasury bills) with a fixed interest rate at a future date.
Federal Funds
Short-term funds transferred between financial institutions, typically overnight, at an interest rate set by the Federal Reserve in the United States.
Repurchase Agreements
Short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, with an agreement to buy them back.
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