What does cash equivalent mean?

cash equivalent meaning in Law Dictionary

money and money equivalents will be the most fluid possessions found in the asset portion of a company's stability sheet.

cash equivalent meaning in Business Dictionary

certification of deposit (CD), marketable safety, negotiable economic instrument (like a cashier's check), etc., that features a tremendously large amount of convertibility into money (liquidity).

cash equivalent meaning in General Dictionary

an extremely fluid financial obligation tool with maturities of lower than three months

Sentence Examples with the word cash equivalent

The landlord received from his tenant (kmet) a fixed percentage, usually one third (tretina), of the annual produce; and, of the remaining two thirds, the cash equivalent of one tenth (desetina) went to the state.

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