Meaning of the word "cash equivalent" in English
What does "cash equivalent" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cash equivalent
US /kæʃ ɪˈkwɪv.əl.ənt/
UK /kæʃ ɪˈkwɪv.əl.ənt/
Noun
1.
highly liquid investments that can be readily converted into cash, typically with a maturity of 90 days or less
Example:
•
Short-term government bonds are considered cash equivalents.
•
The company's balance sheet showed a significant amount of cash equivalents.
Learn This Word at Lingoland