assets that are easily convertible into cash, such as money market accounts and bank deposits. Bloomberg Financial Dictionary
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near money near money
➔ money
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Assets, such as money market fund shares, bank time deposits and government securities, which are readily convertible into cash. This also applies to bonds near their redemption date.
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near money UK US noun [U] ECONOMICS, FINANCE
► an asset such as a government bond or money kept in a bank, which can easily be turned into cash
Financial and business terms. 2012.