ACCOUNT Definition

ACCOUNT is the detailed record of a particular asset, liability, owners equity, revenue or expense.

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STRAPS is Stated Term Rate Auction Preferred Stock; issues having a fixed dividend rate, usually for three to five years. After this period, the security becomes an auction-rate preferred and the holder can sell the stock at par on the date of the first auction. STRAPs trade like and are com­pared to a short-term sinking fund preferred stock.

B/W is Black & White, Between, or Bundled With.

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