PUBLIC OFFERING Definition

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PUBLIC OFFERING is the sale of a new securities issue to the public by way of an underwriter, a transaction that must be registered with the Securities and Exchange Commission.

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UNLIQUIDATED can mean: not liquidated; not exactly ascertained; not adjusted or settled.

FINANCIAL LEVERAGE is the use of debt to increase the expected return on equity. Financial leverage is measured by the ratio of debt to debt plus equity.

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