near money

Dictionary of Banking Terms for: near money
near money

liquid assets, such as time deposits, Treasury bills, and other short-term government securities, that are easily converted to cash on short notice. Near money is, however, excluded from the narrowest definition of the money supply, because, unlike checking accounts and cash, it does not function as a medium of exchange in everyday purchases of goods and services.

Dictionary of Business Terms for: near money
near money

assets that are easily convertible into cash. Some examples are government securities, bank time deposit, and money market fund shares. Bonds close to redemption date are also called near money.

Dictionary of Finance and Investment Terms for: near money
near money

cash equivalents and other assets that are easily convertible into cash. Some examples are government securities, bank time deposits, and money market fund shares. Bonds close to redemption date are also called near money.

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