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ch02_p13_20 3/31/10 8:49 AM Page 19
Securities Held
Financial instruments that are owned and held by an investor, including stocks, bonds, or other investments.
Declared
In financial context, it often refers to the official announcement made by a company's board of directors to pay dividends to its shareholders.
Recognized
Recognized refers to the formal acknowledgment in financial reporting that an item is included in the financial statements of a business.
Available-for-Sale Securities
Financial instruments that are purchased with the intent to sell before they reach maturity and are classified as neither held for trading nor held to maturity.
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