Definitions for "CASH EQUIVALENT"
A treasury check, personal check, travelers check, wire transfer of funds, money order, certified check, check drawn on the tribal gaming operation payable to the patron or to the tribal gaming operation, or voucher recording cash drawn against a credit card or charge card.
Liquid investments such as T-Bills and Money Market Funds that can be easily converted into cash.
A short-term money-market instrument, such as a bank bill, of such high liquidity and safety that it is virtually as good as cash.
The cash equivalent of accrued benefit under a defined benefit pension scheme which may be applied as a transfer payment to another approved pension arrangement or to purchase a S32 buy out policy.
Unlike salary or wages, when an employee receives a taxable company benefit, there is no money on which tax can be calculated. Instead, the employer works out the cash equivalent of the benefit. This may be the cost to the employers, but in many cases it is the result of a complex calculation. The employee pays tax on this amount as though it was actually cash.
This is the cash measurement of a benefit in kind. When an employee receives a taxable company benefit, there is no money on which tax can be calculated. Instead, the employer works out the equivalent of the benefit. .
the conversion of the price of property that sold with either favorable or unfavorable financing into the price the property would have sold for had the seller accepted all cash in the transaction.
The amount a vendor would have realized on the sale of a property had she not accepted unfavourable (or favourable) financing of the purchaser but received cash instead.