English version

cash equivalent

From Longman Business Dictionary
Related topics: Finance
cash equivalentˌcash eˈquivalent1the value of something expressed in cashIt is quite easy to work out the cash equivalent of a company pension to an employee.2FINANCE a very safe investment that can easily be sold for cashInvestors would have been better off putting their money into cash and cash equivalents such as short-term Treasury bills. equivalent
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