Cash-equivalent itemsTemporary investments of currently excess cash in short- term, high-quality investment media such as Treasury bills and bankers acceptances.
Bankers acceptances are essentially checks. They represent a bank's promise and ability to pay the face or principal amount on the bankers acceptance on the stipulated maturity date.
Bankers acceptances are effectively a guaranty of payment for a purchase and are usually used in financing the import, export, transfer or storage of goods, and qualify as liquid assets when held by a thrift institution.
MONEY MARKET FUND A mutual fund that invests only in short term securities, such as bankers acceptances, commercial paper, repurchase agreements and government bills.
Temporary investments of currently excess cash in short-term, high-quality investment media such as Treasury bills and bankers acceptances.
Cash markets ...
Money market securities consist of negotiable certificates of deposit (CDs), bankers acceptances, U.S. Treasury bills, commercial paper, municipal notes, federal funds and repurchase agreements (repos).
 See also: Interest, Security, Securities, Common Stock, Holder
  
|
RSS
