Cash transaction

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Cash transaction

A transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price).

Cash Transaction

Any transaction that does not occur on the futures or forward market. That is, the participants in a cash transaction agree to buy and sell, respectively, at the present market value and to settle the transaction a few (usually three or fewer) days later. Technically, there is no difference between a cash transaction and a spot transaction, but the latter term is more common on the foreign exchange market.
References in periodicals archive ?
The government has written to the Indian Banks' Association (IBA), asking lenders to rework their charges for customers in a manner that incentivises digital transactions over cash transactions.
The central government had banned cash transactions of Rs200,000 or more from April 1, 2017, through the Finance Act 2017.
He said the FATF requires casinos to be one of the bodies that report cash transactions to the AMLC.
Latvia plans on limiting cash transactions to 7,200 euros for individuals as part of a string of law amendments to Latvia's 2017 budget, the Finance Ministry told the press on Tuesday, Sept.
Govt examining SIT's recommendation of banning cash transactions of more than `3lakh
One incidental issue cropping up is the very large number and amounts of cash transactions in the system.
Collectively small businesses in the North-East could claw back more than pounds 8m on cash transactions alone if they chose to shop around for lower charges.
7 seconds it takes for credit card and cash transactions.
At the same time, the crusade against laundering has served as an excuse for criminalizing a wide range of conduct, such as cash transactions over $10,000 not reported to the government, in which none of the participants would in other respects be deemed criminal and no one is trying to "launder" anything.
Also, there's no tax break; the IRS views bartering as cash transactions.
The IRS is increasing its effort to stop underreporting of income from cash transactions.
Title 31 of the United States Code, commonly referred to as the Bank Secrecy Act, aims to make it easier for the government to trace and attribute cash transactions.