MEDIUM TERM ASSETS Definition

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MEDIUM TERM ASSETS, usually, are those assets that are expected of having a useful life of between six months and two years of the present.

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PRESCRIBED SECURITY generally means any bond, debenture, stock, stock certificate, Treasury bill or other like security, or any coupon, warrant or other document for the payment of money in respect of such a security, issued by a government authority.

CABLE is the London dollar/sterling foreign exchange market - now outdated but still used by insiders.

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