Cash equivalents
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Cash equivalents is very safe, highly liquid assets that are readily convertible into cash, such as money market funds, certificates of deposit that mature in less than three months, and U.S. treasury bills.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Cash equivalents. Very safe, highly liquid assets that are readily convertible into cash, such as money market funds, certificates of deposit that mature in less than three months, and U.S. treasury bills.
