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A corporation acquires new funds only when its securities are sold in the
Customer's Account
Refers to the record of transactions, credits, debits, and financial activities between a customer and a company.
90-Day Note
A short-term financial obligation or debt security with a maturity period of 90 days, often used for temporary financing needs.
Matures
The point in time when a financial instrument, such as a bond or loan, reaches its due date and must be repaid or redeemed.
Accounts Receivable Turnover
A financial ratio indicating how many times a company's receivables are turned over during a specific period, often used to assess the effectiveness of credit and collection policies.
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