UK Accounting Glossary
Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Cash equivalents (also known as “cash and equivalents”) are investments securities that are for short-term investing, and they have high credit quality and are highly liquid.
They are one of the three main asset classes, alongside stocks and bonds.
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This glossary post was last updated: 23rd December 2018.