Cash equivalent

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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.

Cash equivalent. Short-term, low-risk investments, such as US Treasury bills or short-term certificates of deposit (CDs), are considered cash equivalents.

The Financial Accounting Standards Board (FASB) defines cash equivalents as highly liquid securities with maturities of less than three months. Liquid securities typically are those that can be sold easily with little or no loss of value.

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81% share in Spanish oil company Repsol YPF, or the cash equivalent.

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When the food drive began in 1993, the hilltop church received fewer than 3,000 cans - or the cash equivalent of two cans per dollar raised.

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Instead, they must either use the days or have the employer automatically contribute the cash equivalent to the retirement plan.

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