February 2007
Intermediate to advanced
288 pages
6h 32m
English
Marketable securities (short-term investments) are debt or equity securities held by the company: Treasury bills, money market funds, notes, bonds, and equity securities.
Source: Used with permission. Microsoft 2005 Annual Report.
Different companies may categorize their liquid holdings as either cash equivalents or marketable securities. Both are considered very liquid (i.e., easily convertible into cash).
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