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Hint:

IAS 32 - Financial Instruments : Presentation

Financial instrument:

• It's a contract...
• that gives rise to...
• "Financial Asset" of one entity and...
• "Financial Liability" or "Equity Instrument" of other entity

where...

"Financial Assets" are.....

• Cash,
• "Equity Instrument" of another entity,
• "Contractual Right" to.....
  - receive cash or another "Financial Asset"
  - exchange "Financial Assets/Liabilities" under potentially favorable conditions

"Financial Liability" is contractual obligation to...

• deliver cash or another "Financial Asset"
• exchange "Financial Assets/Liabilities"
• under potentially favorable conditions

"Equity Instrument" refers to...

• Any contract...
• that evidences residual interest
• in the asset of an entity
• after deducting all of its liabilities