instrument
noun [ C ]
(also financial instrument) uk/ˈɪnstrəmənt/ us FINANCE
a financial asset that can be bought or sold, such as a bond, share, or other security :
Fixed-income instruments include bonds, Treasury bills, and notes.
This will still leave sufficient funds in low-risk instruments such as the debt market.
Hedging instruments such as futures contracts are priced in dollars.
a tool, especially one without electrical power, used for performing a particular piece of work:
surgical/precision/optical instrument The first optical instruments were telescopes.
a piece of equipment used for measuring speed, height, etc. in vehicles, especially aircraft:
flight instruments
a way of achieving or causing something:
The main instrument of change was the bank credit card.
LAW
a legal document:
This is a legal instrument and both claims will have to be decided by the English High Court.
See also
debt instrument
equity instrument
money-market instrument
negotiable instrument
statutory instrument
trust instrument