TREASURY CERTIFICATE Definition

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TREASURY CERTIFICATE is a U. S. Treasury security usually issued at par with a specified rate of interest and a maturity of one year or less. It is issued payable to the bearer and sold in minimum amounts of $l0,000.

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NEGATIVE WORKING CAPITAL is when current liabilities exceed current assets.

TRADE INVESTMENT is shares held by one company in another. Also known as fixed asset investment.

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