现金等价物的中文解释

指极容易和很快可转换成现金的资产，持有这种资产如同持有现金。国库券便被视为现金等价物。此词也指一种另类的交割方式: 卖方交给买方的不是证券本身，而是等值的现金。以现金结算远较以债券或股票等标的资产交割简单，当交易的一方对持有标的证券不感兴趣，但又希望规避利率或市场波动风险时，往往以此种方式结算。

Cash Equivalent的英文解释

An asset that is so easily and quickly convertible to cash that holding it is equivalent to holding cash. A Treasury bill is considered cash equivalent. This term is also used to describe an alternative method of liquidating a position, whereby the seller provides the cash equivalent to the buyer rather than the security itself. Settling by cash equivalent is a much simpler process than providing the underlying bonds or shares. It is usually done when the counter party to a deal has no interest in owning the underlying securities but wishes to protect himself against interest rate or market moves.

• security [si´kjuəriti]   n.安全；证券；抵押品   (初中英语单词)
• equivalent [i´kwivələnt]   a.相等的 n.同等物   (高中英语单词)
• seller [´selə]   n.销售者；行销货   (高中英语单词)
• counter [´kauntə]   n.计算者；柜台；计算机   (高中英语单词)
• alternative [ɔ:l´tə:nətiv]   a.二中选一的 n.选择   (英语四级单词)
• whereby [weə´bai]   ad.凭什么；靠那个   (英语四级单词)
• holding [´həuldiŋ]   n.保持，固定，存储   (英语六级单词)
• underlying [,ʌndə´laiiŋ]   a.基础的；下层的   (英语六级单词)