CASH AGAINST DOCUMENTS Definition

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CASH AGAINST DOCUMENTS (CAD) is a transaction where the buyer assumes ownership/title for the goods being purchased upon paying the agreed upon sale price in cash.

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FINRA is Financial Industry Regulatory Authority. FINRA is the largest self-regulatory organization for the securities industry in the United States. FINRA has primary responsibility for the regulation of NASDAQ and the over-the-counter securities markets.

QUICK ASSETS is current assets minus inventories.

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