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 Glossary   >   P   >   "Precautionary motive" Definition   

        Precautionary motive

A desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.

Precautionary motive


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Precautionary motive - A desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.


Precautionary motive : a desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.