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Wednesday, October 26, 2016 5:56:08 PM
Illiquid
Definition:
In the context of corporate finance, the absence of cash flow needed to fulfill financial debts and meet obligations. In the context of investments, describes a thinly traded investment such as a stock or bond that is not easily converted into cash. Illiquid securities have high transactions costs. Often the bid-ask spread is very wide.
SUPERMAN....Bid Over 0.01 and you say ILLIQUID?? Nonsense!
Illiquid
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