CLOSING ACCOUNT is the determining the balance of an account and posting an entry to offset such balance.
FINANCIAL ENGINEERING is a process involving the creation and combination of a variety of financial instruments in order achieve a defined financial objective within certain cost, tax and legal constraints, e.g. combining or dividing existing financial products to create new financial products.
CATS is Certificate of Accrual on Treasury Securities; a zero coupon bond created by stripping Treasury bonds.
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