Near money

Near money

Not quite "readily available," this term refers to the next best thing to liquid, something that can be liquid quickly (like government bonds).

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Stocks & securities
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Related terms

near money

Economy; International economics

A financial asset with many of the properties of money, but not all. Savings deposits and foreign currency deposits, for example, are very liquid but cannot be used directly for ...

near money

Financial services; General Finance

Assets that are easily convertible into cash, such as money market accounts and bank deposits.

near money

Financial services; Stocks & securities

Not quite “readily available,” this term refers to the next best thing to liquid, something that can be liquid quickly (like government bonds).

near money

Economy; Economics

Assets that are highly liquid, and can be easily exchanged for money, but can not be used directly to purchase goods. The best examples are savings accounts, certificates of ...

money

Banking; Investment banking

Generally accepted medium of exchange and payment in a society.

money

Economy; Economics

Makes the world go round and comes in many forms, from shells and beads to gold coins to plastic or paper. It is better than barter in enabling an economy’s scarce resources to be ...

above par

Financial services; Stocks &securities

If bonds are re-sold on the secondary market, and if interest rates are lower that the bond's coupon rate, the bond will be sold at a premium, or above par.

P/E ratio

Financial services; Stocks &securities

The ratio of a company's current price per share and average earnings per share. The former is divided by the latter. A high ratio suggests high growth potential in the future.

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