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cash equivalent

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 6867 — for purposes of this section

The term “cash equivalent” means—

(A) foreign currency,

(B) any bearer obligation, and

(C) any medium of exchange which—

(i) is of a type which has been frequently used in illegal activities, and

(ii) is specified as a cash equivalent for purposes of this part in regulations prescribed by the Secretary.