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in⋅stru⋅ment
[in-struh-muh
nt] 
| 1. | a mechanical tool or implement, esp. one used for delicate or precision work: surgical instruments. |
| 2. | a contrivance or apparatus for producing musical sounds: a stringed instrument. |
| 3. | a means by which something is effected or done; agency: an instrument of government. |
| 4. | a device for measuring the present value of a quantity under observation. |
| 5. | a mechanical or electronic measuring device, esp. one used in navigation: landing a plane by instruments. |
| 6. | a formal legal document, as a draft or bond: negotiable instruments. |
| 7. | a person used by another merely as a means to some private end; tool or dupe. |
| 8. | to equip with instruments, as a machine or manufacturing process: to instrument a space vehicle. |
| 9. | to arrange a composition for musical instruments; orchestrate. |
Based on the Random House Dictionary, © Random House, Inc. 2009.
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in·stru·ment (ĭn'strə-mənt)  (click for larger image in new window) n.
[Middle English, from Old French, from Latin īnstrūmentum, tool, implement, from īnstruere, to prepare; see instruct.] |
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Instrument
In"stru*ment\, n. [F. instrument, L. instrumentum. See Instruct.]1. That by means of which any work is performed, or result is effected; a tool; a utensil; an implement; as, the instruments of a mechanic; astronomical instruments. All the lofty instruments of war. --Shak. 2. A contrivance or implement, by which musical sounds are produced; as, a musical instrument. Praise him with stringed instruments and organs. --Ps. cl. 4. But signs when songs and instruments he hears. --Dryden. 3. (Law) A writing, as the means of giving formal expression to some act; a writing expressive of some act, contract, process, as a deed, contract, writ, etc. --Burrill. 4. One who, or that which, is made a means, or is caused to serve a purpose; a medium, means, or agent. Or useful serving man and instrument, To any sovereign state. --Shak. The bold are but the instruments of the wise. --Dryden. Syn: Tool; implement; utensil; machine; apparatus; channel; agent.Instrument
In"stru*ment\, v. t. To perform upon an instrument; to prepare for an instrument; as, a sonata instrumented for orchestra.Cite This Source
instrument
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Instrument
1) A tradeable asset or negotiable item such as a security, commodity, derivative or index, or any item that underlies a derivative. An instrument is a means by which something of value is transferred, held or accomplished.
2) An economic variable that can be controlled or altered by government policymakers in to cause a desired effect in other economic indicators.
3) A legal document such as a contract, will or deed.
Investopedia Commentary
1) Basically, any asset purchased by an investor can be considered a financial instrument. Antique furniture, wheat and corporate bonds are all equally considered investing instruments they can all be bought and sold as things that hold and produce value. Instruments can be debt or equity, representing a share of liability (a future repayment of debt) or ownership.
2) Commonly, policymakers and central banks adjust economic instruments such as interest rates to achieve and maintain desired levels of other economic indicators such as inflation or unemployment rates.
3) Some examples of legal instruments include insurance contracts, debt covenants, purchase agreements or mortgages. These documents lay out the parties involved, triggering events and terms of the contract, communicating the intended purpose and scope.
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See also: Bank of Canada - BOC, Central Bank, Debt, Equity, Federal Reserve System, Financial Instrument, Inflation, Interest Rate, Monetary Policy, Security
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instrument
- A legal document, such as a check, a security, or a will.
Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: in·stru·ment
Function: noun
1 : a means or implement by which something is achieved, performed, or furthered
2 : a document (as a deed, will, bond, note, certificate of deposit, insurance policy, warrant, or writ) evidencing rights or duties esp. of one party to another under the law
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Main Entry: in·stru·ment
Pronunciation: 'in(t)-str&-m&nt
Function: noun
: any implement, tool, or utensil (as for surgery)
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instrument in·stru·ment (ĭn'strə-mənt)
n.
A tool or implement, as for surgery.
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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instrument programming
To install devices or instructions into hardware or software to monitor the operation of a system or component.
(1996-05-22)
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