20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Financial Liability

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
September 15, 2018 at 2:33 pm #474660
gangsta1
Member
- Topics: 75
- Replies: 10
Sir can you please explain what is meant by ” financial liability held for trading”.
September 15, 2018 at 9:42 pm #474702
P2-D2
Keymaster
- Topics: 4
- Replies: 7212
It is debt that is sold on the financial markets, so instead of you paying the debt issuer you pay somebody else who will then assume responsibility for paying the debt.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.