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Explanation: Giving rise to a stream of income; typically short-term debt securities.
Par contre, "cash instrument" usually refers to the underlying (bought or sold for cash, on a cash market) as opposed to the derivative based on it (traded on margin on a forward market, such as a futures or options exchange).
rkillings United States Local time: 13:23 Specializes in field Native speaker of: English PRO pts in category: 1140