cash equivalents

Definition

Highly liquid, very safe investments which can be easily converted into cash, such as Treasury Bills and money market funds.

Use cash equivalents in a sentence

We were glad to have a lot of cash equivalents because we would be trading them in for cash soon.

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You may want to offer some cash equivalents as a trade if you have some that you want to get rid of.

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The financial adviser recommended having ten thousand dollars liquid or in cash equivalents and then investing the rest in the stock market.

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current assets realized