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Cash and Equivalents

Cash and Equivalents

Money Market Funds

Funds invested in highly liquid financial instruments. These include cash, or cash equivalent securities, short-term debt based securities. Money market funds are intended to offer low risk, with a high level of liquidity.

Certificate of Deposit

Product offered by banks and credit unions that provides an interest rate premium, in exchange for the customer agreeing to leave a certain amount of money untouched for a predetermined period time.

Commercial Paper

Unsecured short-term financial instrument issued by corporations to obtain funds in order to meet short term obligations.