TOTAL CURRENT ASSETS Definition

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TOTAL CURRENT ASSETS is total of cash & equivalents, trade receivables, inventory and all other current assets.

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FIRM QUOTATION is the requirement that a Market Maker execute an order from another broker/dealer at its displayed price for the normal unit of trading, or for its displayed size, whichever is greater.

DRAFT, in import / export, is a contract between buyer and seller that the buyer will pay a certain amount of money, within a specified period of time, for the goods purchased.

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