cash equivalent :

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cash equivalent

  • n  a highly liquid debt instrument with maturities of less than three months
News & Articles

  • Primary Dealer Bill Holdings Plunge To 2013 Lows
    While one after another money market fund quietly announces they are liquidating "cash equivalent" Bill holdings, be they the mid/late October vintage or, now that a can kicking negotiation is in process, the Bills in close proximity to the Thanksgiving day 6 week extension period, over buck breaking concerns that the debt ceiling extension may be snagged due to political manoeuvering, someone ...
    Oct. 11, 2013 - Zero Hedge

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