Flipping involves buying and then quickly reselling real estate, securities such as IPOs, or other assets for a profit. It relies on the volatility of prices and market efficiency.
The term 'short term' refers to various financial concepts that involve a period of one year or less. This includes assets, liabilities, investments, and taxation definitions.
A U.S. government promissory note issued by the U.S. Treasury with a maturity period of up to one year. T-Bills are sold at a discount to face value, which is paid out at maturity, providing interest income to the investor.
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