Central Assets Account. A stock or banking investment account that includes money market funds, checking accounts, and other financial assets. A short-term debt security with a maturity from a few weeks to several years. Interest rates are established by market demand and competition. A mutual fund with a fixed number of shares.
Shares trade on stock exchanges similar to actual stocks.
Closed-End Investment Company. An investment company with a limited number of shares available to investors. Sometimes shares are resold on a financial exchange. Anything of value pledged by a borrower to secure a loan. Notes with maturities ranging from 2 to 270 days, issued by corporations and other borrowers to short-term investors.