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Cash
(redirected from cashed in chips)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.
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).

Cash
Physical currency printed on banknotes and coins. Cash may be exchanged for goods or services because it is legal tender in the country or region recognizing it. See also: Cash and cash equivalents.

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.


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By the end of the weekend, they had taken out $55,000 in credit, pocketed $40,000, and lost $15,000 to gambling, although, because they had surreptitiously cashed in chips, it appeared to the floor persons who monitor "big action" that they had lost much more.
 
 
 
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