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That covenant may not stipulate what the economical item needs to be or have any constraints on it. For instance, a loan may possibly call for a business keep a particular quantity of cash or cash equivalents.
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She didn’t decide straight away whether or not to sequester the jury or detain the defendants, but she did order an FBI agent to confiscate the defendants’ telephones.
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The relative found a "substantial quantity of cash" in the gift bag, and when Juror #52 returned home the juror "promptly known as 911 to report the incident," the affidavit said.
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The underside Line Cash and cash equivalents are by far the most liquid recent belongings on an organization's harmony sheet. The assortment of economic products which comprise the balance of the classification ordinarily have maturities of ninety times or less, are very easily convertible to cash, lower possibility, and ought to not have limits that limit their liquidity.
Meet fiscal covenants. A company could be required to maintain a particular amount of very liquid property as Element of a personal debt covenant.