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Finance contract: Difference between revisions
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{{A|negotiation| | {{A|negotiation| | ||
[[File:Bank contract envy.png|450px|thumb|center|Some finance contract envy, yesterday.]] | [[File:Bank contract envy.png|450px|thumb|center|Some finance contract envy, yesterday.]] | ||
}} | }}{{d|Finance contract|/faɪˈnæns/ /ˈkɒntrækt/|n|}} | ||
|Finance contract|/faɪˈnæns/ /ˈkɒntrækt/|n|}} | |||
Any [[contract]] the gist of which is for its parties to exchange ''large'' — like, ''really'' large — amounts of [[money]], or [[Securities|money-like things]], having readily realisable value, and the performance of which therefore generates significant [[credit risk]], should one of the parties [[Insolvency|blow up]] before it can pay everything it owes under the contract. | Any [[contract]] the gist of which is for its parties to exchange ''large'' — like, ''really'' large — amounts of [[money]], or [[Securities|money-like things]], having readily realisable value, and the performance of which therefore generates significant [[credit risk]], should one of the parties [[Insolvency|blow up]] before it can pay everything it owes under the contract. | ||