Financialinstrumentisthewrittenlegalobligationofonepartytotransfersomethingofvalue, usuallymoney, toanotherpartyatsomefuturedateundercertainconditions.Writtenlegalobligation: subjecttogovernmentenforcementwithoutenforcementofthespecifiedterms, FIwouldnotexist.Onepartytotransfersomethingofvalue, usuallymoney, toanotherparty: usuallytheFIspecifiesthatpaymentswillbemade (ngoại hối: ifyougetacarloan, youareobligatedtomakemonthlypaymentsofaparticularamounttothelender) Atsomefuturedate: insomecases, suchasacarloanthatrequirespayments, thedatesmaybeveryspecific.Certainconditions: specifiesanumberofcontingenciesunderwhichapaymentwillbemade (ngoại hối: stockholderscanexpecttoreceiveoccasionalcashpayments-dividends- whenthecompanyisprofitable)
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