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Random Term Selections
1.
implied warranty
A provision of the law that holds that a product is guaranteed to be fit for consumption or use even though the manufacturer or merchant makes no written statement to that effect.
2.
liquid assets
The total amount of funds that are in the form of cash or can quickly be converted to cash. These include (1) cash; (2) demand deposits; (3) time and savings deposits; and (4) investments capable of being quickly converted into cash without significant loss, either through their sale or through the scheduled return of principal at the end of a short time remaining to maturity.
3.
buy
(1) to acquire ownership of something in exchange for money. (2) The quality of a purchase, as "It is a good buy."
4.
unrealized profits
Paper profits that do not become actual profits until the asset producing the profit is sold or redeemed.
5.
bungalow
A one- or one and one-half story house with low exterior lines. In Chicago, a bungalow is a gable-roofed brick building with two to three bedrooms, a half-sunken basement, and stairs leading to an attic. Most bungalows were built in Chicago in the 1920s. In India, a bungalow is a small cottage with a thatched or tiled roof surrounded by a wide veranda.