Krylov, O. M. Concerning the Question on the Legal Category 'Cash Equivalent'

Abstract: The article studies the term ‘cash equivalent’ as a legal definition. It is concluded that ‘cash equivalent’ means the object capable of performing all or part of currency functions in the Russian Federation. The author describes the difference between legitimate cash equivalent and illegitimate cash equivalent. Moreover, legitimate cash equivalents are classified according to their functions, office of issue, place of issue and the territory of application.

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