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Investments glossary

Near Money


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Quotes of the day:

Better stop short than fill to the brim. Oversharpen the blade, and the edge will soon blunt. Amass a store of gold and jade, and no one can protect it. Claim wealth and titles, and disaster will follow. Retire when the work is done. This is the way of heaven.

— Tao Te Ching

Near money is a financial economics term describing non-cash assets that are highly liquid and easily converted to cash. Near money can also be referred to as quasi-money or cash equivalents. The nearness of near moneys is important for determining liquidity levels. Examples of near money assets include savings accounts, certificates of deposit (CDs), foreign currencies, money market accounts, marketable securities, and Treasury bills. In general, near money assets included in near money analysis will vary depending on the type of analysis.

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