PERSISTENT EARNINGS Definition

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PERSISTENT EARNINGS is the level of earnings, from accounting to accounting period, that are continually recurring.

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PLACEMENT is bank depositing Eurodollars with (selling Eurodollars to) another bank is said to be making a placement.

LEMON is a. an investment with a poor or negative rate of return or a purchase made where the product has continuing problems, e.g. a lemon of an automobile; or, b. an asset that is in continual need of repair, e.g. an automobile can be referred to as a lemon.

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