cash and cash equivalents

sir my study text states that “an overdraft of $100,000” is “cash and cash equivalents”.

the bone of contention is that as per ,my understanding cash and cash equivalents(CCE) should be “ASSETS”, and an overdraft is clearly a liability.

Although OD does qualify the criteria of CCE, of being highly liquid, short term investments which can be converted to known amount of cash and with insignificant risk of change in value, I still feel that it should not be considered CCE because it is a liability.

Perhaps it could have been an asset, when taken out, but as the name OD suggests that the collection phase of principal is over and now its time for repayment of borrowed sum with interest, hence its not appropriate to deem it as CCE.