Cash and Cash Equivalents

(redirected from Cash or Cash Equivalent)
Also found in: Wikipedia.

Cash and Cash Equivalents

Balance sheet items that represent either physical currency printed on notes or assets that can easily be changed into that. Examples of cash equivalents include savings accounts, bonds (especially near their maturities), and money markets. Cash and cash equivalents represent a company's or individual's liquidity, which can be important for investors and banks. See also: M1, M2.
References in periodicals archive ?
The company has no debts and sufficient liquidity to execute its business plan, having currently close to $1 million in cash or cash equivalent on hand.