Question

what do you mean by cash equivalent?​

Answer 1

Answer:

Cash equivalents are short-term investment securities with assets; they have a high credit rating and are extremely liquid. Cash equivalents, also known as "cash and equivalents," are one of the three main asset classes in financial investment along with stocks and bonds

Answer 2

Answer:

Cash equivalents include bank accounts and marketable securities, which are debt securities with maturities of less than 90 days. ... Examples of cash equivalents include commercial paper, Treasury bills, and short-term government bonds with a maturity date of three months or less.