financial instrument

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The cash register at Sally Beauty Mart is a financial instrument used to record the cash and credit transactions during the day.

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The check was returned by the bank as a worthless financial instrument since the account the check was drawn on had been closed for over a year.

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Financial instruments can be categorized by asset class depending on whether they are equity based (reflecting ownership of the issuing entity) or debt based (reflecting a loan the investor has made to the issuing entity).

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