Asset Classes

Cash

Definition

What is Cash?

Money available immediately for spending, settlement, or investment.

Example in practice

A portfolio keeps 5% in cash to meet near-term withdrawals.

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Anything with economic value that can be owned or controlled.

A group of investments with similar economic characteristics and market behaviour.

A highly liquid, short-term instrument that can usually be converted to cash with little price risk.

A share that usually carries voting rights and a residual claim on a company's profits and assets.

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