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flight to cash

flight to cash n. a sudden widespread selling of investments, or their rapid conversion from illiquid to liquid, in anticipation or belief of an unfavorable or unsafe market; a sudden widespread withdrawal of bank deposits. Editorial Note: A “flight to cash” is more measured than a panic or sell-off, in which investments or assets are hurriedly sold at a loss in order to avoid what is already an unfavorable market. (source: Double-Tongued Dictionary)

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