MARKETABLE SECURITY
\mˈɑːkɪtəbə͡l sɪkjˈʊ͡əɹɪti], \mˈɑːkɪtəbəl sɪkjˈʊəɹɪti], \m_ˈɑː_k_ɪ_t_ə_b_əl s_ɪ_k_j_ˈʊə_ɹ_ɪ_t_i]\
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Shares/stocks, bonds, and notes as equity or debt instruments. Listed on an exchange, each can be readily bought or sold. This type of security is a near-cash, liquid asset, recorded n the account books under current assets when bought. Acquisition cost: purchase price plus incidentals, commissions, and taxes, or market value, whichever is lower. Savings bonds and restricted shares/stock are Non-marketable securities.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.