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<p>or equity instrument of another entity".</p>

<p>Financial instruments may be categorized by "<a href="page.php?w=Asset_classes">asset class</a>" depending on whether they are foreign exchange-based (reflecting foreign exchange instruments and transactions), equity-based (reflecting <a href="page.php?w=ownership">ownership</a> of the issuing entity) or debt-based (reflecting a loan the investor has made to the issuing entity). If the instrument is debt it can be further categorized into short-term (less than one year) or long-term.</p>

<p><big>Types</big></p><p>
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