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LSDefine

Simple English definitions for legal terms

cash equivalent

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A quick definition of cash equivalent:

Term: Cash Equivalent

Definition: A cash equivalent is something that is almost as good as having cash. It is a type of investment that can be easily turned into cash when needed. It is like having money in your pocket that you can use right away. Examples of cash equivalents include savings accounts, money market funds, and short-term government bonds.

A more thorough explanation:

A cash equivalent is a type of short-term investment that is highly liquid and can be easily converted into cash. It is considered to be as good as cash because it can be quickly and easily converted into cash without any significant loss of value.

Money market funds are a type of mutual fund that invests in short-term, low-risk securities such as Treasury bills and commercial paper. Treasury bills are short-term government securities that are issued to finance the national debt. Commercial paper is a short-term debt instrument issued by corporations to finance their short-term cash needs. Certificates of deposit (CDs) are issued by banks and other financial institutions and offer a fixed rate of return for a specified period of time.

These examples illustrate the definition of cash equivalents because they are all highly liquid and can be easily converted into cash without any significant loss of value. They are also considered to be low-risk investments because they are short-term and have a high degree of creditworthiness.

cash dividend | cash-equivalent doctrine

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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