CASH EQUIVALENT
(noun)Definitions
There is 1 meaning of the phrase
Cash Equivalent.
Cash Equivalent - as a noun
A highly liquid debt instrument with maturities of less than three months
Hypernyms (Closely Related)
certificate of indebtednessdebt instrumentobligationHyponyms (Broadly Related)
Example Sentences
"He received $10,000 in cash equivalent for his work."
"The company offers stock options as a cash equivalent for bonus payments."
"The savings account can be considered a cash equivalent."
"The gift card can be used as a cash equivalent at the store."
"The traveler's checks can be exchanged for cash equivalents at the bank."
