CASH EQUIVALENT • DICTIONARY ONE.COM • Definition of Cash equivalent

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/kæʃ ɪkwˈɪvələnt/ Listen

Cash equivalent

noun

A highly liquid debt instrument with maturities of less than three months.

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Etymology of 'Cash equivalent'

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"Cash equivalent" Quotes from Famous Books

... people from the archives of my country! But, sir, backed by a record, on every page of which is progress, I venture to make earnest and respectful answer to the questions that are asked. We give to the world this year a crop of 7,500,000 bales of cotton, worth, $450,000,000, and its cash equivalent in grain, grasses, and fruit. This enormous crop could not have come from the hands of sullen and discontented labor. It comes from peaceful fields, in which laughter and gossip rise above the hum of industry, and ...

— Modern Eloquence: Vol II, After-Dinner Speeches E-O • Various

... throne in abeyance. Henry need have no qualms about following his Yorkist predecessor's example. Beyond that, Charles was prepared to pay off the Brittany indemnities. Thus Henry secured Peace with Honour and a solid cash equivalent for his expenditure; besides being able to silence the complaints of the warlike by emphasising the gravity of embarking on a great campaign with winter coming on. He threw over Maximilian, but the faithlessness ...

— England Under the Tudors • Arthur D. Innes

Words linked to "Cash equivalent" : certificate of indebtedness, debt instrument, obligation, commercial paper