Examples of Readily Marketable Securities in a sentence
Readily Marketable Securities means securities that are listed on a recognized investment exchange and may be immediately disposed of through the relevant exchange.
The Agent reserves the right at its sole option to substitute cash in U.S. currency or specifically designated Readily Marketable Securities and/or Letters of Credit for any cash or assets then forming part of the Trust Fund; provided, however, that the amount of cash and/or other assets and the market value at the time of substitution of the investments so substituted shall not decrease the value of the Trust Fund below the Trust Fund Minimum Amount.
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The Trust Fund Minimum Amount must consist of cash, Readily Marketable Securities or letters of credit issued by a Qualified U.S. Financial Institution.
Readily Marketable Securities -- Securities that are broadly or publicly traded are considered readily marketable.