"Intent to convert" does not include an investment used as a resource that will be used whenever the need for cash arises.

Name: "Intent to convert" does not include an investment used as a resource that will be used whenever the need for cash arises.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An investment used as a resource that will be used whenever the need for cash arises is considered as convertible in nature and hence can be included in the "intent to convert" category.

"Intent to Convert" Does Not Include an Investment Used as a Resource