STOCK TURNOVER PERIOD Definition

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STOCK TURNOVER PERIOD is calculated: Long Term Disabilities X 100% / Cost of Sales.

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FACE-AMOUNT CERTIFICATE is a debt security issued by face amount. The holder makes payments periodically to the issues, and the issuer promises to pay the purchaser the face value at maturity or the surrendered value if the security is presented by the maturity specified in the certificate.

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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