1. Coins and currency on hand and in bank account balances. Because cash is a nonearning asset, individuals and companies usually keep their cash balances to the minimum level required to sustain operations. 2. The value of assets that can be converted into cash immediately. Usually includes bank accounts and marketable securities, such as government bonds etc. Cash equivalents on balance sheets include securities that mature within 90 days.
Co-Founder of the Goldzone Group. My quest for the best of life has taken me to more than 500 cities in 54 countries. I research and share general topics of interest to me including; technology, leadership, business, finance, spirituality, travel, health, and wellness. In the process, I have started over 20 companies. Every day is a new learning experience!