Near money — also referred to as quasi-money — refers to highly liquid financial assets that are not themselves legal tender or immediately usable as a medium of exchange but can be converted into cash very quickly and with minimal loss of value, making them close substitutes for money in financial planning and liquidity analysis. Examples of near money include fixed deposits with short remaining maturities, treasury bills, money market fund units, savings certificates, and short-dated government securities. Near money is distinguished from 'money' (M1 — currency and demand deposits) and forms part of broader monetary aggregates (M2 and M3) monitored by central banks. For corporate treasurers, portfolio managers, and investors on Ventura Securities managing short-term liquidity — whether for trading margin requirements, upcoming redemptions, or capital deployment timing — understanding which assets qualify as near money is important for maintaining effective liquidity buffers without sacrificing all return by holding purely idle cash.
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