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cash equivalent
(redirected from Cash and cash equivalents)

   Also found in: Wikipedia 0.01 sec.
cash equivalent
1. An asset such as property or stock that has a realizable cash value equivalent to a specific sum of money.
2. An asset that is so easily and quickly convertible to cash that holding it is essentially equivalent to holding cash. A Treasury bill is a cash equivalent.

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Cash and cash equivalents as of June 30, 2006 remain the same at $52.
0 million of cash and cash equivalents as of March 31, 2006.
Cash and cash equivalents still remain strong at $24 million.
 
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