STATUTORY LIEN Definition

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STATUTORY LIEN is an involuntary lien, which is created by law rather than by contract. Statutory liens include tax liens, judgment liens, mechanics liens, etc.

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DAYS CASH ON HAND is calculated: Cash/([operating expense - depreciation expense]/365).

BOUGHT DEAL is the arrangement where a broker buys all of a new issue of shares and sells them on to investors at a small premium.

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