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Near Money


A description of an asset implying it can be converted immediately to cash or cash equivalent money, although it is not as liquid as cash. Examples of near money (or near money assets) include bills of exchange, promissory notes, and checks/ cheques), especially those issued to be get converted at sight.

It is also known as quasi-money.



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Finance, as a field of knowledge, is substantially wide-ranging and virtually encompasses everything in the realm of corporate finance, financial management, ...
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