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Long (overbought) position

When a company or individual has more purchases than sales or more foreign currency liabilities than assets, it results in a deficit known as a deficit in current account. This means that the outflow of currency is greater than the inflow, leading to a negative balance. It is an important concept in finance as it reflects a country's trade and economic activity. Understanding this balance is crucial in making informed decisions regarding investments and economic policies.

Sight a bill

In finance, the process of issuing a bill at a specified time after it is seen by the drawee and securing their approval is known as acceptance. This involves indicating the...

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Cwt

The term hundredweight is a unit of measurement that is commonly used in the financial world. It is equivalent to 100 pounds and is often abbreviated as "cwt." This unit is ...

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In Play

A stock that is at the center of a public bidding competition, such as in a takeover or bear raid, is known as a target stock. This term is commonly used in the world of fin...

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Open Position

An open position refers to a trade that has been initiated but has not yet been closed by an opposing trade. This can occur in various financial markets, such as stocks or c...

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