Cash Equivalent Transaction

Cash Equivalent Transaction,

Cash Equivalent Transaction means,

  • A simple definition of Cash Equivalent Transaction is: Purchase of cash equivalents (goods that can be used or converted into cash) from suppliers other than financial institutions. Examples of cash equivalents could include casino game chips, foreign currency, money orders, wire transfers, and passenger checks from non-financial institutions. Review your account agreement to find out what types of cash equity transactions your credit card issuers can consider.

Literal Meanings of Cash Equivalent Transaction

Cash:

Meanings of Cash:
  1. Giving or receiving banknotes or coins with (check or money order).

  2. Money in the form of coins or notes instead of checks, money orders or loans.

  3. A small denomination coin from China, South India or Southeast Asia.

Synonyms of Cash

liquidate, turn into money, convert into cash, ready cash, change, convert into money, exchange, currency, hard cash, realize, encash, money, ready money, legal tender, turn into cash

Equivalent:

Meanings of Equivalent:
  1. Quantity, quantity, functions, importance, etc. of a person or value.

  2. Equivalent in value, quantity, functions, meaning, etc.

Sentences of Equivalent
  1. French equivalent of the FBI

  2. One unit is equal to a glass of wine

Synonyms of Equivalent

analogue, twin, complement, match, identical, alternative, double, opposite number, counterpart, equal, parallel

Transaction:

Meanings of Transaction:
  1. An example of some buying and selling in business transactions.

Sentences of Transaction
  1. Delivery date is very important in normal business

Synonyms of Transaction

pact, undertaking, arrangement, contract, deal, negotiation, settlement, bargain, affair, compact, treaty, business, bond, agreement