cash and equivalents

Cash and equivalents

The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as bonds and Banker's Acceptances. Cash equivalents on balance sheets include securities (e.g., notes) that mature within 90 days.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

cash and equivalents

The sum of cash and short-term assets that can be easily converted to cash. This measure of corporate liquidity indicates a firm's ability to meet its short-term obligations.
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.