maturity: money and capital markets

Debt instruments with a maturity of greater than one year traded in capital market. Equities, which have no fixed maturity , also are traded in capital market. short-term instruments,with a maturity of less than one year, are traded in money markets. funds raised by issuing long-term instruments in capital markets are generally used for long-term investment in housing or business plant and equipment. Money market instruments are generally issued by well-known corporations or the government to finance inventories or to meet short-term needs for funds. (The principle money and capital market instruments are described in the Appendix.)