ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SECURED TRANSACTION Definition
SECURED TRANSACTION is the right to repossess goods as security for payment of a debt.
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INTERIM STATEMENT is a financial report covering only a portion of a fiscal year (prepared by accountants, but usually unaudited). Quarterly statements from publicly traded companies are one example of an interim statement. Interim statements are not as detailed or as exact as annual statements.
PRIME BROKERS are providers of back-office administration and stock lending for hedge funds.