YEAR-END DIVIDEND Definition

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YEAR-END DIVIDEND is a payment to stockholders from retained earnings, declared at the end to a business year.

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MONEY MARKET is a sector of the capital market where short-term obligations such as Treasury bills, commercial paper and bankers acceptances are bought and sold.

CONDITIONAL SALES CONTRACT is a credit contract used for the purchase of equipment where the purchaser doesnt receive title of the equipment until the amount specified in the contract has been paid in full.

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