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capital market	Market for long-term financing. (See page(s) 33)
cost of capital	Minimum acceptable rate of return on capital investment. (See page(s) 41)
financial institution	A bank, insurance company, or similar financial intermediary. (See page(s) 35)
financial intermediary	An organization that raises money from investors and provices financing for individuals, corporations, or other organizations. (See page(s) 33)
financial market	Market where securities are issued and traded. (See page(s) 31)
fixed-income market	Market for debt securities. (See page(s) 33)
liquidity	The ability to sell or exchange an asset for cash on short notice. (See page(s) 39)
money market	Market for short-term financing (less than one year). (See page(s) 33)
mutual fund	A mutual fund pools the savings of many investors and invests in a portfolio of securities. (See page(s) 33)
pension fund	Investment plan set up by an employer to provide for employees’ retirement. (See page(s) 34)
primary market	Market for the sale of new securities by corporations (See page(s) 31)
private equity	Equity capital that is not publicly traded. (See page(s) 35)
secondary market	Market in which already issued securities are traded among investors. (See page(s) 32)