ASB Definition

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ASB see ACCOUNTING STANDARDS BOARD.

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COMMON EQUITY is the result of subtracting redeemable and non-redeemable preferred stock from total equity.

FIDUCIARY is a person or business (for example, a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty.

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