Home > Term: cash/cash equivalents
cash/cash equivalents
The value of assets that can be converted into cash immediately. Includes bank deposits and marketable short-term securities, such as Treasury Bills and bankers' acceptances. Cash equivalents on balance sheets include securities (e.g., notes) that mature within ninety days.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- MJ63
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