Cashed-Based

Cashed-Based

Refering to an option or future that is settled in cash when exercised or assigned. No physical entity, either stock or commodity, is received or delivered.
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In addition to the obvious need for reloadable prepaid cards among cashed-based consumers, consumers with traditional banking relationships also find them valuable: 54 percent of consumers who have their pay direct deposited say that reloadable prepaid cards would be useful.