cash equivalent

NOUN
15 LETTERS · STARTS WITH C

cash equivalent is a valid 15-letter word worth 31 points in Scrabble and 35 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
C3A1S1H4E1Q10U1I1V4A1L1E1N1T1
3 + 1 + 1 + 4 + 0 + 1 + 10 + 1 + 1 + 4 + 1 + 1 + 1 + 1 + 1 =31 PTS
DOUBLE WORD → 62TRIPLE WORD → 93
MEANING

What does cash equivalent mean?

NOUN · 1 SENSE
1

A highly liquid debt instrument with maturities of less than three months.