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LSDefine

Simple English definitions for legal terms

near money

Read a random definition: merger of offenses

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.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
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
20:52
roger dat. see u in heck
im back, r u applying this cycle too
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
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
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
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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