OPEN TO BUY Definition

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OPEN TO BUY is the dollar amount budgeted by a business for inventory purchases for a specific time period.

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PEP see PERSONAL EQUITY PLAN.

ORDER OF LIQUIDITY is when items on a balance sheet are listed in order of liquidity. After cash, the other current assets are listed in order of liquidity or nearness to cash (i.e. Accounts Receivable first, then Inventory).

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