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e. the last 6 months of interest is foregone). If a money establishment won't enable this feature, click here the CD really should not be treated being a cash equal. This is often especially true for for a longer period-expression goods including five-12 months CDs that should be held to maturity.

Bankrate.com is definitely an impartial, promotion-supported publisher and comparison support. We've been compensated in exchange for placement of sponsored services and products, or by you clicking on selected hyperlinks posted on our internet site. As a result, this payment may possibly influence how, in which and in what buy products appear inside of listing classes, besides in which prohibited by legislation for our mortgage loan, dwelling equity and other house lending goods.

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Cash equivalents will have to also be capable to be liquidated to cash; For that reason, cash equivalents should be hugely liquid property.

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