CURRENT ASSETS Definition

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CURRENT ASSETS are those assets of a company that are reasonably expected to be realized in cash, or sold, or consumed during the normal operating cycle of the business (usually one year). Such assets include cash, accounts receivable and money due usually within one year, short-term investments, US government bonds, inventories, and prepaid expenses.

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REMITTING BANK is a bank that sends a draft to the overseas bank for collection.

BEST BID is the highest quoted bid of all competing Market Makers to buy a particular stock at any given time.

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