near money

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Related to Quasi Money: money supply, fiat money

Near money

Assets that are easily convertible into cash, such as money market accounts and bank deposits.

Near Money

A highly liquid asset that may easily be converted to cash. Examples include savings accounts, bonds (especially near their maturities), and money markets. Central banks and statisticians sometimes, but not always, use near money when computing the money supply. See also: M2.

near money

Assets that can be converted quickly and easily into cash with virtually no loss in value. Examples of near money are savings account balances and Treasury bills.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

near money

any easily saleable (liquid) ASSET that performs the function of MONEY as a STORE OF VALUE but not that of a universally acceptable MEDIUM OF EXCHANGE. CURRENCY (notes and coins) serves as a store of value and, being the most liquid of all assets, is universally accepted as a means of PAYMENT. However, building society deposits, National Savings deposits and Treasury bills are, respectively, less and less readily acceptable in their present form for making payments, and thus function as ‘near money’. See MONEY-SUPPLY DEFINITIONS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive ?

In the first nine months of 2007, the quasi money witnessed an increase of 25.2% compared to the 2006 ending level.

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The main driver was a -0.5 per cent m/m decline in M1, although this was offset by stronger quasi money growth (fx and longer term dirham deposits account for more than 605 of UAE money supply).

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Quasi money, which includes RO savings and time deposits, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits, increased by 10.3 per cent to OMR8.4 billion in May 2014, compared to OMR7.6 billion in the previous year.

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Quasi money, which includes foreign currency accounts and longer term deposits, increased by 2.0 percent to $ 413 billion.

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Quasi money, which includes time and savings, and foreign currency deposits, rose 26pc to 3.88 billion rials.

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The average daily balance of M2 -- cash in circulation, demand deposits and quasi money -- plus certificates of deposit (CDs), came to 651.5 trillion yen, compared with 653.3 trillion yen in July, the central bank said.

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The main driver of the decline m/m was quasi money (fx and longer term dirham deposits) which fell -1.8 per cent m/m.

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Quasi money (RO savings and time deposits, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by 4.5 percent to RO 7.6 billion in November 2013 compared to RO 7.3 billion in the previous year.