CONVERTIBLE CURRENCY Definition

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CONVERTIBLE CURRENCY is any national currency that can be easily exchanged for that of another country.

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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.

NET ASSETS is the difference between total assets and current liabilities including non-capitalized long-term liabilities.

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