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LSDefine

Simple English definitions for legal terms

near money

Read a random definition: United States Customs Court

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

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General chat about the legal profession.
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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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