The money market is used by ABC
treasury as a means for borrowing and
lending in the short term, from several days
to just under a year. Money
market securities consist of certificates of
deposit (CDs), banker's acceptances,
Treasury bills, commercial paper and
repurchase agreements (repos).What is a
money market instrument?
There are several money market
instruments, including treasury bills,
commercial paper, bankers' acceptances,
deposits, certificates of deposit, bills of
exchange, repurchase agreements, federal
funds, and short-lived mortgage- and asset-
backed securities.
A beneficial owner is a person who enjoys
the benefits of ownership even though title
to some form of property is in another
name. It also means any individual or group
of individuals who, either directly or
indirectly, has the power to vote or influence
the transaction decisions regarding a
specific security, such as shares in a
company.
DEFINITION of 'Custodial Agreement
An arrangement whereby one holds an
asset or property on behalf of the actual
owner (beneficial owner). Such agreements
are generally entered into by state agencies
or companies to administer various benefit
programs.
BREAKING DOWN 'Custodial Agreement
An example of a custodial agreement would
be a company retirement plan. Many, if not
most, companies hire a third party to
administer such plans: to collect payments
from the employer and employees, invest
the funds and disburse the benefits. The
advantage of this arrangement is that
the beneficial owner gets professional
advice, which saves time, and often pays
lower fees than would otherwise be
available had the monies been handled by
each individual owner.
Plaintiff - a person who brings a case
against another in a court of law.
Appellant Definition: ... To distinguish the
person bringing the appeal from their title at
the first trial level, that of clamant
or plaintiff or defendant, the appellate level
prefers to call the parties appellant - to the
party who brings the appeal - and the
respondent - to the party who must respond
to the appeal.
A "respondent" is a party to a lawsuit that
is expected to respond to a filing, usually a
petition. The person filing the petition is
called the "petitioner." A petitioner is similar
to a plaintiff, and a respondent is similar to
a defendant. On appeal, parties are called
the appellant and appellee.
Certiorari - a writ or order by which a
higher court reviews a decision of a lower
court.
Legal Definition of implead. : To bring into
a lawsuit; specifically: to bring (a third party
who is or may be liable to the plaintiff or
defendant) into a suit
Delta debtor or maker.
Philfinance payee
In law, seriatim (Latin for "in series")
indicates that a court is addressing multiple
issues in a certain order, such as the order
that the issues were originally presented to
the court.
A seriatim opinion describes an opinion
delivered by a court with multiple judges, in
which each judge reads his or her own
opinion rather than a single judge writing an
opinion on behalf of the entire court. This is
a practice generally used when a case does
not have a majority opinion.