LIQUID ASSET
An asset that can be easily converted into cash and with little impact on its value. Also called quick asset, these are considered as cash because its prices are stabilized when sold in the open market.
Liquid assets include accounts receivable, demand and time deposits, and gilt edged securities, among others. In some countries, precious metals (typically gold and silver) are also regarded as liquid assets.
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Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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