Home > Term: cash equivalents
cash equivalents
These are instruments that may offer greater liquidity than other types of securities, in exchange for relatively small price fluctuations and tend to offer lower rates of return in exchange for greater stability. Examples include money market mutual funds, U.S. Treasury Bills, certificates of deposit, and commercial paper.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- MJ63
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