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Financial Engineering |
Also found in: Wikipedia | 0.06 sec. |
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Financial Engineering The creation of new and improved financial products through innovative design or repackaging of existing financial instruments. Notes: Financial engineers use various mathematical tools in order to create new investment strategies. The new products created by financial engineers can serve as solutions to problems or as ways to maximize returns from potential investment opportunities.Financial engineering Combining or carving up existing instruments to create new financial products. |
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7 million of bond anticipation notes issued in February 2004 to finance engineering and design work; and fund the water system debt service reserve fund. The five-year credit facility allows the firm to borrow short term funds and issue longer term letters of credit to finance engineering and construction projects worldwide. |
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