单词 | cash equivalent |
释义 | cash equivalentDefinition Certificate of deposit (CD), marketable security, negotiable financial instrument (such as a cashier's check), etc., that has a very high degree of convertibility into cash (liquidity). Use 'cash equivalent' in a SentenceCurrent assets on a company's balance sheet include both cash and cash equivalents given they can be readily convertible to cash. You may want to offer someone a cash equivalent if you have an excess of a resource and want to get rid of it. I didn't realize that it was a cash equivalent and I was glad because that would help me out financially. |
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