CASH & EQUIVALENTS Definition

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CASH & EQUIVALENTS means all cash, marketplace securities, and other near-cash items. Excludes sinking funds.

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BEAR is an investor who expects share prices to fall and thus likely to sell short. More generally, a pessimist about the market outlook.

TRADING PROFIT is that profit earned from the short-term trading of securities that were held for less than one year. Such profit is usually subject to tax at regular income tax rates.

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