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That covenant might not stipulate just what the money item must be or carry any limitations on it. For example, a mortgage may possibly demand a business keep a specific level of cash or cash equivalents.
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She didn’t choose quickly irrespective of whether to sequester the jury or detain the defendants, but she did order an FBI agent to confiscate the defendants’ telephones.
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The worth of your cash equivalents should not be expected to vary substantially prior to redemption or maturity. Examples of cash equivalents incorporate:
Meet money covenants. An organization can be required to hold a specific volume of very liquid property as part of a financial debt covenant.