ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SHORT-TERM Definition
SHORT-TERM usually encompasses a calendar of 12 months or less.
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LETTER OF CREDIT, CONFIRMED is a letter of credit that is guaranteed by a bank that is acceptable to a seller (usually a local bank), regardless of buyers bank.
MAKING A MARKET is securities dealers showing both a bid and an offer for a particular maturity and type of security. This is not to be confused with a quote, which is a general indication of prices rather than a specific price at which a transaction may be executed.
