cash equivalent Meaning in the Cambridge English Dictionary
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Meaning of “cash equivalent” in the English Dictionary

"cash equivalent" in Business English

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cash equivalentnoun [C]

uk   us  
MONEY an ​amount of ​money that has the same ​value as something: The ​insurancepolicystates that the ​insurer will endeavour to ​replace your ​lost or ​damagedgoods rather than ​offer a ​cashequivalent.
[often plural] ACCOUNTING, FINANCE money in a company's ​bankaccounts and other ​assets that can easily be ​changed into ​money: The ​company believes that its existing ​cash and ​cashequivalents are sufficient to ​meet their ​cashrequirements during the next twelve months.
(Definition of cash equivalent from the Cambridge Business English Dictionary © Cambridge University Press)
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