LYONs Definition

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LYONs is Liquid-Yield Option Notes; zero-coupon convertivle bonds.

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BEST ASK is the lowest quoted offer of all competing Market Makers to sell a particular stock at any given time.

CASH CYCLE is the length of time, normally stated in numbers of days, between the purchase of raw materials and the collection of accounts receivable generated in the sale of the final product.

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