In finance, a swap is a derivative in which counterparties exchange certain benefits of one party's

financial instrument for those of the other party's financial instrument. The benefits in question
depend on the type of financial instruments involved. For example, in the case of a swap involving
two bonds, the benefits in question can be the periodic interest (or coupon) payments associated
with the bonds. Specifically, the two counterparties agree to exchange one stream of cash flows
against another stream. These streams are called the legs of the swap

An American Depositary Receipt (abbreviated ADR) represents ownership in the shares of a non-
U.S. company that trades in U.S. financial markets. The stock of many non-US companies trade on US
stock exchanges through the use of ADRs. ADRs enable U.S. investors to buy shares in foreign
companies without the hazards or inconveniences of cross-border & cross-currency transactions.
ADRs carry prices in US dollars, pay dividends in US dollars, and can be traded like the shares of US-
based companies.

Cash book is maintained by the Individual who enters day to day transaction pertains to receipts and
payments whereas Passbook is issued by the bank to the account holder having deposits and
withdrawals with that bank.The difference between this two books are cash book maintained by an
individual whereas pass book is maintained by a Bank.

a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at
a fixed exercise price until the expiry date.