HyperDic: cash_equivalent

English > 1 sense of the expression *cash equivalent*:
NOUN	possession	cash equivalent	a highly liquid debt instrument with maturities of less than three months

English > *cash equivalent*: 1 sense > noun 1, possession
Meaning	A highly liquid debt instrument with maturities of less than three months.
Narrower	commercial paper	An unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash
Broader	debt instrument, obligation, certificate of indebtedness	A written promise to repay a debt