cash equivalent value
The amount of *cash that can be received in an *arm’s length transaction for the sale of an asset. See also *fair market value.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • cash equivalent — A method which can be used to calculate a transfer payment from a salary related pension scheme (salary related scheme). A member of a final salary pension scheme (final salary scheme) who is not currently drawing a pension and who has more than… …   Law dictionary

  • cash equivalent transfer value — (CETV) A member of a salary related scheme who has more than 12 months to go before attaining the scheme s normal retirement age has a statutory right under the Pension Schemes Act 1993 to take a cash equivalent transfer value (CETV) to another… …   Law dictionary

  • Cash equivalent — A short term security that is sufficiently liquid that it may be considered the financial equivalent of cash. The New York Times Financial Glossary * * * cash equivalent cash equivalent ➔ equivalent * * *    An asset that is so easily and quickly …   Financial and business terms

  • equivalent — e‧quiv‧a‧lent [ɪˈkwɪvlənt] noun [countable] something that is equal in value, amount, quality etc to something else: • The Japanese bank had the equivalent of $131 billion in assets on March 31. equivalent adjective : • It must issue 5 million… …   Financial and business terms

  • value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …   Law dictionary

  • cash equivalents — A method which can be used to calculate a transfer payment from a salary related pension scheme (salary related scheme). A member of a final salary pension scheme (final salary scheme) who is not currently drawing a pension and who has more than… …   Law dictionary

  • Cash and cash equivalents — are the most liquid assets found within the asset portion of a company s balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short term government bonds or Treasury bills, marketable… …   Wikipedia

  • cash — n 1: ready money 2: money or its equivalent (as a check) paid for goods or services at the time of purchase or delivery cash against documents: a sight draft in exchange for a bill of lading agree that the buyer will pay cash against documents… …   Law dictionary

  • value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… …   Black's law dictionary

  • cash — includes all money in the bank, in the cash drawer and in petty cash. Banknotes, coins, bills and negotiable securities (like cheques) is cash. But so is the money you can draw on demand your bank accounts or savings accounts also represent cash …   Financial and business terms

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