MARKKA Definition

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MARKKA is a currency of Finland.

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ILLIQUID is when cash flows generated by the firm are insufficient to meet the debt service. When speaking of money or an economy: being very liquid means it is driven by primarily by cash, checking/saving accounts, treasury bills, stocks and bonds, etc; while being very illiquid means it is driven primarily by human capital.

STRIPPED BOND is a bond that can be subdivided into a series of zero-coupon bonds.

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