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Cash
(redirected from cashes out)

   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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For example, an employee who cashes out $5,000 from his or her retirement plan at age 25 may potentially be sacrificing $75,000 at retirement1, yet he or she only receives a small amount--perhaps only $3,500--from the cash out due to taxes and penalties.
 
 
 
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