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When is cash not cash?
fourmarks
Posts: 262 Forumite
Out of idle curiosity, and despair, I've just been looking at the 'investment types' held within my S&S ISA. One section depicts 7.13% in cash, whilst another section shows 3.02% in 'cash equivalent'. Can some kind soul enlighten me as to what constitutes 'cash equivalent' as opposed to cash itself? No doubt it's blindingly obvious but I can't make a connection.
Thank you.
Thank you.
0
Comments
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Treasury bills, bank deposits, commercial paper. Basically any debt that is either callable or has a short (typically under 1 year) duration.Pensions actuary, Runner, Dog parent, Homeowner3
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Thank you. I've just done a little research on that, which I should have done in the first place, and I now understand what it means. Grateful for your patience.biscan25 said:Treasury bills, bank deposits, commercial paper. Basically any debt that is either callable or has a short (typically under 1 year) duration.0
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