ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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EXEMPTED SECURITY Definition
EXEMPTED SECURITY is a security that is exempted from SEC regulations, including margin rules. Such securities include U.S. Treasury and government agency securities and municipal securities designated by the SEC.
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VOLUME GAIN is to obtain advantages due to increase in volume, such as value increase, points in gross margin or profit.
WORK-OF-ART is a product of one of the fine arts; especially a painting or sculpture of artistic merit.