Section 8
Asset Classes
Book
Version 3
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Finance
by Boundless
3 concepts
Cash
Cash, the most liquid asset, refers to physical currency such as banknotes and coins.
Debt
A debt is an obligation owed by one party (the debtor) to a second party (the creditor).
Stocks
The capital stock (or stock) of a business entity represents the original capital paid into or invested in the business by its founders.