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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Cash Equivalent

Definition:

Balance sheet item. It's the just the cash or cash-like investment things like T-Bills or money market funds. The common thread is that cash equivalents can be quickly and easily converted to cash because they're liquid. It doesn't include things like the corporate campus which is certainly convertible into cash but not in a quick easy 30 day cycle.

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