EQUITY FUND Definition

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EQUITY FUND is a mutual fund whose portfolio consists primarily of common stocks.

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SPOT COMMODITY is a commodity traded with the expectation that it will actually be delivered to the buyer, as contrasted with to a FUTURES CONTRACT that will usually expire without any physical delivery actually taking place. Spot commodities are traded in the SPOT MARKET.

SHORT TERM LIABILITY is a liability that will come due within one year or less.

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