Examlex
Explain the importance of the Treasury bond market to Australia's financial system.
Securities
Financial instruments representing an ownership position, debt, or rights to ownership, traded in financial markets, such as stocks, bonds, and options.
Security Interests
A legal claim or lien on collateral that secures the performance of an obligation, typically seen in financing transactions.
Enforceable Oral Contracts
Verbal agreements that are recognized by law as binding, provided they meet certain criteria and are not for purposes requiring written contracts under the statute of frauds.
Substitute
An alternative or replacement for something else, often found or used when the original is unavailable or unsuitable.
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