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).
GROSS PAY is employee salary prior to the application of taxes and other deductions.
CPR is Constant Payment Rate, used to estimate the average life of mortgage-backed securities based on historical payments.
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