Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
CBOT stands for the Chicago Board (Bored) of Trade (or Tirade, on angry days). It's an exchange where you can buy or sell futures and options. It is also the oldest options and futures exchange on the planet that's still trucking along. The CBOT was created back in 1848, and back then it mostly dealt with agricultural stuff like corn and wheat. It has since expanded into energy, gold, and other stuff.