DAYS CASH ON HAND Definition

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DAYS CASH ON HAND is calculated: Cash/([operating expense - depreciation expense]/365).

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GRAY MARKET is the unofficial trading of securities before their formal public issue.

REFLATION is, upon recovering from a depression or a recession, the period during which prices are returned to the level they had attained during a period of prosperity by lowering the purchasing power of money is known as reflation.

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