Jump to content

Cash equivalent

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Runman72 (talk | contribs) at 20:44, 4 November 2006. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)

A cash equivalent is any asset that can be immediately converted into cash if needed. Cash equivalents often appear on company balance sheets under "cash and cash equivalents" as the company's most liquid asset.

Examples of some cash equivalents are marketable securities and Treasury bills.