Qwoter Investment Advice
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Cash Equivalent

A very liquid asset.

That means it's available right now or is in an account with a maturity no longer than three months.

Related Terms:

Special Memorandum Account
(SMA) - A holding place for available cash, a double bookkeeping entry.It increases when:A client’s portfolio ...

Active Account
Refers to a brokerage account in which many transactions occur. Brokerage firms may charge a fee ...

The date on which a bond's principal is repaid to the investor and interest payments cease. ...

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