TRADE DRAFT Definition

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TRADE DRAFT is a draft addressed to a commercial enterprise.

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T as the fifth letter in a Nasdaq stock symbol indicates that the stock has warrants or rights.

ECONOMIC ENTITY accounting concept that provides context or 'point of view' for the economic events (i.e., transactions) captured by the financial statements. In short, it answers the questions, 'Whose asset is it?'; 'Whose liability is it?'

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