FINANCING COST Definition

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FINANCING COST is the difference between the cost of financing the purchase of an asset and the assets cash yield. Positive carry means that the yield earned is greater than the financing cost; negative carry means that the financing cost exceeds the yield earned.

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CASH IN BANK literally means coin, currency, and cash items on deposit.

FUND is a pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.

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