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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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JumpySubsequentDolphin
20:50
i need to know who decided to do that.
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the devil
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yo splitterus are you in school already
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it says ur c/o 2027
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20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
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@SplitterusClitterus: me yesterday
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i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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