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in lieu of
"in lieu of" means:
(1) instead of,
(2) in place of
Although strictly not an investment or trading term this often appears in other definitions. For example, "A script is a piece of paper acknowledging value, such as a certificate, which is given in lieu of currency."
(1) instead of,
(2) in place of
Although strictly not an investment or trading term this often appears in other definitions. For example, "A script is a piece of paper acknowledging value, such as a certificate, which is given in lieu of currency."
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