cash instrument
Noun
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004
Noun
cash instrument (plural cash instruments)
- (finance) A financial instrument that is marketable at close to par under almost all circumstances.
- In a liquidity crisis, some securities lose their claim to being cash instruments.
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004