Define the Following Terms

question 20

Short Answer

Define the following terms
-semi-participant

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Definitions:

Gain

A financial increase resulting from a transaction that exceeds the costs or purchase prices of the assets sold, not related to the primary operations.

Long-Term

Refers to holding or affecting a period extending over a long duration, typically beyond one year.

Investments

Financial assets acquired for income generation or capital appreciation.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to a known amount of cash and close to their maturity.