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 supply. Near money refers to assets that can be quickly converted into cash. Also called quasi-money.

Examples of liquid assets that are near money include bonds, money markets, savings accounts and widely traded foreign currencies. Assets that are considered near money may differ depending on the time frame that is used in the definition. Bank accounts, such as savings accounts, allow instant conversion to cash with no penalties. Other near money assets may take longer to access or may incur penalties, such as early withdrawal from a certificate of deposit.


Investment dictionary. . 2012.

Look at other dictionaries:

  • 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 …   Wikipedia

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

  • 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 — 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

  • near money — Fin assets that can quickly be turned into cash, for example, some types of bank deposit, short dated bonds, and certificates of deposit …   The ultimate business dictionary

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