Not known Factual Statements About 120 cash
Not known Factual Statements About 120 cash
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e. the final six months of fascination is foregone). If a monetary institution isn't going to enable this option, the CD really should not be dealt with as being a cash equivalent. This really is very true for more time-phrase products such as five-year CDs that has to be held to maturity.
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Cash is clearly immediate ownership of cash, when cash equivalents symbolize ownership of a financial instrument That usually ties to some declare to cash.
Minnesota Fraud trial juror statements she gained $120K payment, was promised much more if she voted to acquit
Cash equivalents have certain Advantages more than cash which make them better for many investors. Even so, equally sorts of financial devices are quite comparable and generate similarly very low yields.