Examlex
A _______ is often used for low-cost, noncritical purchases.
Marketable Securities
Financial instruments that are easily convertible to cash and are subject to minimal price risk.
Amortized Cost
The amount at which a financial asset or liability is measured at initial recognition minus principal repayments, plus or minus the cumulative amortization using the effective interest method.
Trading Securities
Financial instruments that are purchased and held primarily for selling them in the near term to generate income on short-term price differences.
Marketable Securities
Financial instruments that can be easily converted into cash, typically with high liquidity and short-term maturities.
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