Near money refers to highly liquid assets that can be quickly converted into cash with minimal risk of loss, serving as a store of value and providing liquidity to investors and institutions. Near money assets include cash equivalents and short-term securities that are readily convertible to cash, such as Treasury bills, certificates of deposit, money market funds, and commercial paper. While near money assets may not be as liquid as cash itself, they offer high levels of liquidity and stability, making them suitable for short-term investments, cash management, and contingency planning. Near money assets play a vital role in portfolio diversification, risk management, and liquidity management strategies, allowing investors and institutions to maintain access to funds for immediate or near-term financial needs while earning a modest return on their investments.