cash equivalent
Definition
Certificate of deposit (CD), marketable security, negotiable financial instrument (such as a cashier's check), etc., that has a very high degree of convertibility into cash (liquidity).
cash equivalent is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
cash equivalent appears in the definitions of the following terms:
income,
cash equivalent doctrine,
charitable contribution,
certified check,
reserves requirement,
cash ratio,
bank note,
bank draft,
fully invested,
expenditure
and
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