cash equivalent
noun[C]
ukusMONEY
anamountofmoneythat has the samevalueas something:
Theinsurancepolicystatesthat theinsurerwillendeavourtoreplaceyourlostordamagedgoodsratherthanofferacashequivalent.
[often plural]ACCOUNTING,FINANCE
moneyin a company'sbankaccountsand otherassetsthat caneasilybechangedintomoney:
Thecompanybelievesthatitsexistingcashandcashequivalentsaresufficienttomeettheircashrequirementsduring the next twelvemonths.