Near money

Near money

Near money (synonym: quasi-money) is a term used in economics to describe highly liquid assets that can easily be converted into cash.

Various sources provide the following examples of near money:

  • Savings account
  • Money funds
  • Bank time deposits (Certificates of deposit)
  • Government treasury securities (such as T-bills)
  • Bonds near their redemption date
  • Foreign currencies, especially widely traded ones such as the US dollar, euro or yen.
  • list of countries by stocks of quasi money.

See also



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Look at other dictionaries:

  • Near Money —   [ nɪə mʌnɪ, englisch], die Geldsubstitute …   Universal-Lexikon

  • Near Money — An economics term describing non cash assets that are highly liquid, such as bank deposits, certificates of deposit (CDs) and Treasury Bills. Central banks, economists and statisticians may utilize near money when determining the current money… …   Investment dictionary

  • near money — assets that are easily convertible into cash, such as money market accounts and bank deposits. Bloomberg Financial Dictionary * * * near money near money ➔ money * * *    Assets, such as money market fund shares, bank time deposits and government …   Financial and business terms

  • near money — quasi money An asset that is immediately transferable and may be used to settle some but not all debts, although it is not as liquid as banknotes and coins. bills of exchange are examples of near money. Near money is not included in the money… …   Accounting dictionary

  • near money — quasi money An asset that is immediately transferable and may be used to settle some but not all debts, although it is not as liquid as banknotes and coins. Bills of exchange are examples of near money. Near money is not included in the money… …   Big dictionary of business and management

  • near money — Liquid assets which are readily convertible into money …   Black's law dictionary

  • near money — Liquid assets which are readily convertible into money …   Black's law dictionary

  • near money — noun Date: 1942 assets (as savings accounts or government bonds) quickly and easily converted to cash …   New Collegiate Dictionary

  • near money — any asset easily made liquid, as government bonds or savings deposits. [1940 45] * * * …   Universalium

  • near money — noun Finance assets which can readily be converted into cash, such as bills of exchange …   English new terms dictionary

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