Cash transaction

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Cash transaction

A transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price).

Cash Transaction

Any transaction that does not occur on the futures or forward market. That is, the participants in a cash transaction agree to buy and sell, respectively, at the present market value and to settle the transaction a few (usually three or fewer) days later. Technically, there is no difference between a cash transaction and a spot transaction, but the latter term is more common on the foreign exchange market.
References in periodicals archive ?
Thus controls on large cash transactions led holders of hot money to divide it into multiple deposits below the threshold - so-called smurfing - which meant smaller transactions had to be scrutinized too.
The worldwide market for automating cash transactions remains virtually untapped.
The IRS is increasing its effort to stop underreporting of income from cash transactions.
Also, there's no tax break; the IRS views bartering as cash transactions.
Title 31 of the United States Code, commonly referred to as the Bank Secrecy Act, aims to make it easier for the government to trace and attribute cash transactions.
DCI offers BSA Navigator as a solution to capture, aggregate and monitor the reporting of large cash transactions and suspicious cash activity across branch networks directly at the teller line.
Till now, they were remitting through cash transactions.
One incidental issue cropping up is the very large number and amounts of cash transactions in the system.
In view of rising cash transactions in wake of economic growth of the Sultanate, the bank has cautioned that physical handling of cash is a security risk for all concerned.
Collectively small businesses in the North-East could claw back more than pounds 8m on cash transactions alone if they chose to shop around for lower charges.
7 seconds it takes for credit card and cash transactions.
People spend more than pounds 80 in nearly a quarter of all cash transactions despite the growth in using credit and debit cards to pay for things, research showed yesterday.