Term
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Definition
desirable property for investors
consists of currency and all forms of deposits that permit check writing |
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Term
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Definition
Relates to the minimum size in which a financial asset can be liquidated and exchanged for money
The smaller the size, the more the financial asset is the divisible
Desirable for investors, but not for borrowers |
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Term
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Definition
Refers to the cost of investing in a financial asset and then getting out of it and back into cash again
Referred to as turnaround cost or round trip cost |
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Term
| Properties of Financial Assets |
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Definition
1.Moneyness
2.Divisibility and denomination
3. Reversibility |
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