cash (redirected from cash-in-hand)

Cash

Legal tender or coins that can be used in exchange goods, debt, or services. Sometimes also including the value of assets that can be converted into cash immediately, as reported by a company.

Notes:

This usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances.

See also: Buying Power, Cash Account, Cash And Cash Equivalents, Cash Budget, Cash Dividend, Cash Flow, Cash Investment, Currency, Petty Cash

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Cash

The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances. Cash equivalents on balance sheets include securities that mature within 90 days (e.g., notes).

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cash

Coins and currency on hand and in checking account balances. Because cash is a nonearning asset, firms usually attempt to keep their cash balances to the minimum level required to sustain operations.