TANGIBLE Definition

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TANGIBLE normally refers to assets that can be held or seen and that are capable of being appraised at an actual or approximate value (e.g. inventory, land & buildings, etc.).

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GOING LONG is the purchase of commodities, bonds, or stock with no immediate intention of selling them, i.e. the purchase is for long term investment or speculation. See GOING SHORT.

INVENTORY TAG is a tag attached to inventory items that identifies the inventory items to aid in counting the physical inventory.

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