Cash Equivalent
A security which is highly liquid, has a known market value and has a maturity date, when acquired, less than three months away. Also, a pool of such securities , ie a money market fund.
A security which is highly liquid, has a known market value and has a maturity date, when acquired, less than three months away. Also, a pool of such securities , ie a money market fund.
William Bevins Jr, CFP® CTFA
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