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Business Definition for: cash equivalents
cash equivalents
instruments or investments of such high liquidity and safety that they are virtually as good as cash. Examples are a money market fund and a treasury bill . The Financial Accounting Standards Board (FASB) defines cash equivalents for financial reporting purposes as any highly liquid security with a known market value and a maturity, when acquired, of less than three months.
cash equivalents
investments or securities of such high liquidity and safety that they are regarded as good as cash, generally those with maturities under three months. Examples are short-term certificates of deposit, money market funds, and Treasury bills.
Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
