cash (redirected from ready money)

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.