Characteristics of Composite currency bonds
State the characteristics of the Composite currency bonds market instrument.
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A Composite currency bonds are denominated in currency basket, like SDRs or ECUs, rather than a single currency. They are consequently known as currency cocktail bonds. They are usually straight fixed-rate bonds. Currency composite is the portfolio of currencies: when some currencies are depreciating others may be appreciating, hence, producing lower variability overall.
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Asset Disposition: Getting rid of the asset or security via a direct sale or some other technique. Quite frequently you will observe insider trades report a "disposition" of some number of shares; this merely means that they sold them. Q : Closing entry for financial accounting A journal entry that moves the effects of revenues or expenses to the owners' equity account. Only temporary account that is on the income statement is closed. The purpose of a closing entry is twofold. First, it moves revenue to retained earnings on the balance sheet
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