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OK then where does braeburn keep its cash, in banks? Afaik, you practically lose money by keeping it in banks.
by return0 11y ago
OK then where does braeburn keep its cash, in banks? Afaik, you practically lose money by keeping it in banks.
- czinck 11y agoWhen people talk about a company having "cash" they don't mean a stack of $100 bills, it just refers to any low-risk and liquid asset. US Treasury notes are by far the most common. As to where they keep that paper, there's far less of it and it probably goes in a vault somewhere. I remember that being an issue post-Sandy that banks vaults where they kept a lot of bonds were flooded.
- return0 11y agoyeah, i didn't mean literally. treasury notes are kind of like bonds?
- czinck 11y agoYeah, different term for the same thing. The technical term is government bond (as opposed to corporate), but most people call the US bonds Treasury notes or T-notes for short.
- dragontamer 11y agoActually, Treasuries have a vocabulary for them. * "Bills" are any Treasury that is shorter than 1 year. * "Notes" are 2-years, 3-years, 5-years, and 10-years. * "Bonds" are any Treasury that is longer than 10 years. They are all "bonds". But the vocabulary is a bit more precise than "short-term" vs "long term".