ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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STATUTORY Definition

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STATUTORY is relating to or created by statutes.

 

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BLACK MARKETS are created when buyers and sellers meet to negotiate the exchange of a prohibited or illegal good. More generally, it is any unofficial market in which prices are inordinately high.

C as the fifth letter of a Nasdaq stock descriptor indicates that the issue is exempt from Nasdaq listing requirements for a temporary period of time.


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