Business, Legal & Accounting Glossary
adjective having cash in hand, as opposed to having debts and overdrafts
“…as the group’s shares are already widely held, the listing will be via an introduction. It will also be accompanied by a deeply discounted £25m rights issue, leaving the company cash positive” [Sunday Times]
having cash in hand, as opposed to having debts and overdrafts
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This glossary post was last updated: 20th November, 2021 | 0 Views.