Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

near money

Read a random definition: remote cause

A quick definition of near money:

Near money is a type of asset that can be easily converted into cash, such as a marketable security or an account receivable. It is considered a current asset because it is expected to be converted into cash within the next year. Other types of assets include fixed assets, which are long-term assets used in the operation of a business, and intangible assets, which are nonphysical assets that can be converted to cash. It is important for individuals and businesses to manage their assets effectively to ensure financial stability and success.

A more thorough explanation:

Near money refers to assets that can be easily converted into cash, such as marketable securities, notes, or accounts receivable. These assets are considered current assets because they are expected to be converted into cash within the next 12 months or the normal operating cycle of a business. Near money is also known as liquid asset, quick asset, or financial asset.

Examples of near money include:

  • Marketable securities
  • Money market accounts
  • Certificates of deposit (CDs)
  • Treasury bills
  • Accounts receivable

These examples illustrate how near money can be easily converted into cash. For instance, marketable securities can be sold quickly to raise cash, while accounts receivable can be collected from customers to generate cash. Near money is important for businesses because it provides them with the flexibility to meet their short-term financial obligations.

near | neat

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
CheeseIsMyLoveLanguage
16:05
I guess there's always that route! 😂
[] c0bra1
16:14
damn my wake forest withdrawal didnt help the wl ppl 💀
MrThickRopes
16:15
what they gon collect frum me
MrThickRopes
16:15
nothin
Fuck fo pm
MrThickRopes
16:24
thas right
BlueFalcon95
16:25
Das right
hey, just so u all know - i just farted
i luv u all and will be seeing u all shortly
17:02
I floated marquettes deadline hopefully someone on the WL is thankful
18:10
safety
18:56
Ughhhhhhhhhh
Lets gooo my school was gunning median this last cycle 🤣
21:37
movie recs?
starfishies
21:45
rankings out woo
eggan
22:06
NYU solos columbia any day
Washu, TX, Vandy all move up and did well at 14
I am shocked that NW drops to 10 and NYU moves up to 8
[] c0bra1
23:07
holy cow unc is 18 time to beg to get off the waitlist
[] c0bra1
23:08
"rankings don't matter" i chant as i reorder my preference list
23:22
are the rankings on US News&World Report accurate?
YM-Honor-Student
23:24
No those are incorrect
YM-Honor-Student
23:24
Kansas is t14 and Cornell is rank 50
YM-Honor-Student
23:25
@DrDresSays: I recommend Cinema Paradiso. Makes me cry everytime.
YM-Honor-Student
23:26
The rankings literally did not change in my opinion. Smh. Going by like job outcomes and constitutional law, stayed the same.
23:28
@YM-Honor-Student: thank you!
YM-Honor-Student
23:29
You are welcome!
YM-Honor-Student
23:33
UFlorida should be higher for winning march madness lol.
Napo
1:43
Oof ASU dropped hard
LSD+ is ad-free, with DMs, discounts, case briefs & more.