NET ASSETS Definition

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NET ASSETS is the difference between total assets and current liabilities including non-capitalized long-term liabilities.

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YANKEE BOND is a dollar bond issued by a non-U.S. borrower in the United States.

BID TICK RULE is a NASD rule prohibiting a short sale transaction when the current best bid in a security is less than the previous best bid. That is, when it is on a "down-tick." The bid tick rule does not apply to the OTCBB.

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