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    • Money Market
      The money market is the short term market for loans and other forms of borrowing. The market enables investors to lend money and receive a higher rate of interest than from a bank deposit.
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The Finance Section Glossary

Currently viewing the definition of: Deferred Income
 
 
 Is income received in advance of the period in which it is earned. It must be carried forward as a liability on the balance sheet until it has been earned, when it is credited to the profit and loss account. 
 

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