Sentences with phrase «against other credit instruments»
It is a flexible, deep, and liquid market, permitting traders to construct interest rate positions for specific time periods in the future, and to create arbitrage positions against other credit instruments.
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In a consumer credit sale, the seller may not take as evidence of the obligation of the buyer, a negotiable instrument other than (1) a check; or (2) a promise or order containing a statement, required by applicable statutory or administrative law, to the effect that the rights of a holder or transferee are subject to claims or defenses that the issuer could assert against the original payee.