near money

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Near money

Assets that are easily convertible into cash, such as money market accounts and bank deposits.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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
References in periodicals archive ?
To visit his great-uncle Mose Wright, a sharecropper, and his cousins living in the Mississippi Delta, near Money, Miss.
"On Measuring the Nearness of Near Moneys." American Economic Review, 59(3), 1969, 270-81.
Near money are assets readily converted into cash and zero tolerance makes its first appearance, along with zorbing (a sport involving rolling down hills in a large transparent ball).
Similarly, moving from utility function 5, it is not possible to add what are sometimes referred to as near money assets on an individual basis.
This would make deposits from these institutions essentially illiquid: they could not serve as a source of money or "near money" alternative to that supplied by the government.
CBE elaborated in a report Thursday that the increase in domestic liquidity reflected on near money by about LE 158.9 billion with a rate of 6 percent, and on Money supply by about LE 15.5 billion or 1.9 percent.
The day before the trim opened, our Jet-Ebony crew ran into a truckload of gun-bearing whites on a truck near Money, Mississippi, which brought it home to us that our assignment was no good neighbor get-together.
Near money also increased by LE 664 billion to LE 2.13 trillion in April 2017 compared to LE 1.466 trillion in April 2016, CAPMAS July's bulletin reported.
Pound's liquidity, near money jumps LE 778B, LE 664B in April The monetary supply leveled up to LE 654.2 billion in April 2017 compared to LE 540.2 billion in April 2016.