Definition of an investment

A small company (adopting the FRSSE) has placed an amount with a Building Society in what is described as a "Business Savings 2 Year Fixed Rate Bond". Part withdrawals are not permitted and closure before maturity leads to loss of gross interest.

The accounts show this as an investment (a fixed rate savings bond) but I am suggesting that it is nothing more than "cash at bank".

Any opinions please?

Comments
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Problem is semantics; answer is

tladirect |

Is it immediately realisable?

Hansa |
Hansa's picture

Thank you

Bluffer |
Bluffer's picture

On balance...

tladirect |