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