Cash Equivalents
Investment securities that are short-term, have high credit quality and are highly liquid.
Also referred to as "cash and equivalents". Investopedia Says:
Cash equivalents are one of the three main asset classes, along with stocks and bonds. These securities have a low-risk, low-return profile. Cash equivalents include U.S. government Treasury bills, bank certificates of deposit, bankers' acceptances, corporate commercial paper and other money market instruments. Related Terms:
Asset Class
Cash
Cash Position
Core Liquidity
Liquidity |