GROSS SALES Definition

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GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. See also GROSS REVENUE.

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EXTENSION SWAP is selling one security and purchas­ing another security with a longer maturity date to improve yield.

DOLLAR BOND is long-term municipal bonds quoted on a decimal or dollar price basis versus other municipal bonds, which are normally quoted on the basis of yield to maturity.

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