An arrangement/ instrument/ contract that represents a financial means by which a person (natural or legal) can make an investment, borrow money, or save money, or a combination of multiple purposes. Financial investments can be made by means of shares of stock or equity instruments. Borrowing money involves the use of products such as loans, bonds, or credit cards. Saving money may involve lending money to banks through term deposits, which entail both safekeeping of funds and often the payment of a certain interest rate.

Other examples of financial products include derivatives, warrants, debentures, currencies, insurance policies, mutual fund shares, etc.

Overall, financial products, for a given category, bear standard features in terms of structure, modus operandi, parties’ rights and entitlements, etc.