Meadbh
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 22, 2006
- Messages
- 11,401
I did count GIC's or CD's as the same a cash, as long as I could cash them out within a time frame that I would not have already run out of cash (about 1-2 years).
In a full GIC ladder, I would usually have GICs maturing in 1,2,3,4 and 5 years. Once again, the definition of "cash" defines the answer. The accounting definition of "cash and cash equivalents" uses a cutoff of 3 months, or 90 days, unrestricted.
https://www.accountingcoach.com/blog/item-in-cash-and-cash-equivalents