The Pre- Opening Phase Is the Only Time That Bids

question 50

True/False

The pre- opening phase is the only time that bids and offers may overlap.At all other times such overlapping orders would be executed.

---

Definitions:

Notes Receivable

Claims against debtors documented through promissory notes that promise future payment of money.

Note Receivable

A written promise for the payment of a specified amount of money, with interest, by a set date or on demand to the holder of the note.

Interest

The charge for borrowing money, calculated as a percentage of the amount borrowed, or the return earned on invested funds.

Notes Receivable

Financial assets representing rights to receive payments of principal and interest from debtors under terms specified in promissory notes.