cash equivalent

1. 1.

   a highly liquid debt instrument with maturities of less than three months

   Broaderdebt instrument

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Questions about cash equivalent

What does cash equivalent mean?

cash equivalent means "a highly liquid debt instrument with maturities of less than three months".

Is cash equivalent a common word?

cash equivalent is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.