near money

Definition

Highly liquid assets which are not cash but can easily be converted into cash, such as bank deposits and Treasury Bills. similar to cash equivalents.

Use near money in a sentence

They held a lot of near money positions which allowed them to be very flexible with their financing and investments.

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The treasury bills were considered near money and I told my friend that it meant they could easily be converted into cash.

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The near money that he kept in the safety deposit box was all the security he had against a massive downturn in his business that could turn ugly in short order.

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money quasi money