cash equivalents

Cash Equivalent

An asset that can easily be changed into cash. Examples of cash equivalents include savings account, 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

cash equivalents

short-term investments and advances which can be quickly converted into cash.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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