A financial asset is a liquid asset that gains its value from a contractual right or an ownership claim. Cash, stocks, bonds, mutual funds as well as bank deposits are the examples of financial assets.

 

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Financial distress is a condition in which a company or an individual is not able to generate profit due to their inability to pay their financial obligations.

 

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Wire fraud is a fraudulent action in which a scheme to defraud or get money based on false representation or promises is built. 

 

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