Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “cash equivalent”

cash equivalent

noun [C]
 
 
MONEY an amount of money that has the same value as something: The insurance policy states that the insurer will endeavour to replace your lost or damaged goods rather than offer a cash equivalent.
[often plural] ACCOUNTING, FINANCE money in a company's bank accounts and other assets that can easily be changed into money: The company believes that its existing cash and cash equivalents are sufficient to meet their cash requirements during the next twelve months.
(Definition of cash equivalent from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of cash equivalent?
Add Cambridge dictionaries to your browser to your website

Word of the Day

look on the bright side

to find good things in a bad situation

Word of the Day

The language of work

by Kate Woodford,
October 15, 2014
Most of us talk about our jobs. We tell our family and friends interesting or funny things that have happened in the workplace (=room where we do our job), we describe – and sometimes complain about – our bosses and colleagues and when we meet someone for the first time, we tell

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More