quasi-money
assets easily cashed in assets that can quickly be turned into cash, for example, some types of bank deposit, short-dated bonds, and certificates of deposit.
Related definitions of "quasi-money"
- Also called near money
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assets easily cashed in assets that can quickly be turned into cash, for example, some types of bank deposit, short-dated bonds, and certificates of deposit.
gold, silver, and all quasi-money assets, since gain in this exchange is riba. The objects of salam are commodities (or services) that are normally available in the market and can be specifically defined in terms of quantity, and quality. The exact date and place of delivery must be specified
By Abdel-Rahman Yousri Ahmad
Definitions of ’quasi-money’ and meaning of ’quasi-money’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’quasi-money’ and other financial terms with our online QFINANCE Financial Dictionary.