NEW SHEKEL (SHEQEL, SHEQALIM, SHEKALIM) Definition

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NEW SHEKEL (SHEQEL, SHEQALIM, SHEKALIM) is a currency of Israel.

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PREFERRED CREDITOR is a creditor whose account takes legal preference for payment over the claims of others.

GOING LONG is the purchase of commodities, bonds, or stock with no immediate intention of selling them, i.e. the purchase is for long term investment or speculation. See GOING SHORT.

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