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Near money

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Near money
Highly liquid assets which are not Cash but can easily be converted into Cash, such as bank deposits and Treasury Bills. similar to Cash equivalents.
    
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 Market 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.
Posted by  Henley & Partners Group Holdings Ltd
 
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