BACKDOOR LISTING Definition

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BACKDOOR LISTING is a technique used by a company which failed to get listed on an exchange, whereby the company acquires and merges with a company already listed on that exchange.

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DISCRETIONARY INCOME means the amount of a companys income available for spending after the essentials have been met. See DISPOSABLE INCOME.

NOTES PAYABLE are all note obligations, including bank and commercial paper. Does not include trade notes payable.

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