Cash Equivalent” (CE) definition
Cash Equivalent” (CE) means investment securities that are short term (usual 3 months or less), have high credit quality, and highly liquid investments (where there are buyers and sellers in the market place both readily convertible to know amounts of cash and that they represent insignificant risk of changes in value. Cash Equivalent includes the U.S. Government Treasury bills, bank certificates of deposit, bankers acceptances, corporate commercial paper (preferred shares, common stock, membership interest, convertible notes), and other instruments.