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Mike works as an accounting clerk at Cell data Finance Corp.His performance is below average and his supervisor constantly rebukes him for his low productivity,even to the extent of threatening to fire him.In this scenario,Mike's supervisor exhibits the traits of
Cash Equivalent
Short-term, highly liquid investments easily convertible to known amounts of cash and so near their maturity that they present minimal risk of changes in value.
Liquid
Describes an asset's ability to be quickly converted into cash without significant loss in value.
Maturity Date
The maturity date is the specified date on a financial instrument at which the principal (or final payment) is due to be paid to the holder.
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