____________________ Is the Direct Computer-To-Computer Exchange of Standard Business Documents

question 57

Short Answer

____________________ is the direct computer-to-computer exchange of standard business documents.

---

Definitions:

Securities

Financial instruments that represent an ownership position in a corporation (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.

Equipment

Tangible property other than land or buildings that is used in the operations of a business, such as machinery, tools, or vehicles.

Debenture

A type of unsecured debt instrument issued by a company, based on its general creditworthiness, without specific collateral backing.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.