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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Cash Equivalent

Definition:

On a balance sheet, cash equivalents are cash and anything that can be sold and converted into cash quickly (within 30 days or so). That can include things like money market funds or T-Bills. Stuff like intellectual property and patents, although valuable, don't count because they aren't easily sold and made into cash.