Definitions for "Cash equivalents"
Highly liquid, very safe investments which can be easily converted into cash, such as Treasury Bills and money market funds. similar to near money.
Short-term investments that will revert to cash in less than ninety days.
An asset or investment that has a monetary value equal to a specified sum of money. Cash equivalent investments are securities of high liquidity and safety -- such as money market funds or Treasury bills -- that are considered virtually as good as cash.
Keywords:  turned, savings, types
Types of savings that can be turned into cash quickly.