cash equivalent
Defined in 1 place of the United States Code.
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.
Source
- 1994–present26 U.S.C. § 6867Internal Revenue Code · Presumptions where owner of large amount of cash is not identified · for purposes of this section