MARKETABLE SECURITY
\mˈɑːkɪtəbə͡l sɪkjˈʊ͡əɹɪti], \mˈɑːkɪtəbəl sɪkjˈʊəɹɪti], \m_ˈɑː_k_ɪ_t_ə_b_əl s_ɪ_k_j_ˈʊə_ɹ_ɪ_t_i]\
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Shares/stocks, bonds, and notes as equity or debt instruments. Listed on an exchange, each can be readily bought or sold. This type of security is a near-cash, liquid asset, recorded n the account books under current assets when bought. Acquisition cost: purchase price plus incidentals, commissions, and taxes, or market value, whichever is lower. Savings bonds and restricted shares/stock are Non-marketable securities.
By Henry Campbell Black
