For an investment to qualify as a cash equivalent

it must have maturity of, three months or less from the date of acquisition.

For an investment to

qualify as a cash equivalent it must be readily convertible to a known amount

of cash and be subject to an significant risk of changes in value.

Cash equivalent in

one entity might not be a cash equivalent in another

Cash equivalents are

held for the purpose of meeting short-term cash commitments rather than for

investment or other purposes