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