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Tip of the Day Pay Your Bills On Time

Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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Discounted Basis

Discounted Basis - When any financial security, whether it is a stock, bond or money market, is to be sold one consideration is that it has an established value. Sometimes in order to sell one of these securities, it is necessary to reduce the selling price to reflect the cost of the transaction and take into consideration the value the security would have on its pre-determined maturity date. If the interest or carrying cost is to be covered, then the selling price is lowered or ?discounted? proportionately to allow for these costs, thus, the interest or carrying costs added the selling price would be the same as the value at maturity.

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Definition of the Day Australian Securities Exchange

Australian Securities Exchange - The Australian Securities Exchange is the largest stock exchange in all of Australia, and is also known as the ASE, which opened for operation in 1987. Although its operations and functions have change with the times, it was transformed in 2006 after becoming the product in...

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