Cash

Business, Legal & Accounting Glossary

Definition: Cash


Quick Summary of Cash


Cash on hand (such as money held in a cash box or a safe) and deposits in a bank that may be withdrawn on demand.



What is the dictionary definition of Cash?

Dictionary Definition


  1. Money in the form of notes/bills and coins, as opposed to cheques/checks or electronic transactions.
  2. informal Money.
  3. Canada Cash register.

Full Definition of Cash


Cash consists of paper currency and coins. In the U.S. cash existed as coins until 1862, when the first federal paper money was issued in $5, $10 and $20 bills. This cash was freely convertible into gold until 1971 when the U.S. removed the link of its cash supply to gold deposits. Most of the world’s currency exists on hard drives in electronic bank accounts. Cash represents less than one-tenth of the total value of global currencies. Cash includes short-term investments that can be readily converted into cash. Checking accounts and money market accounts are considered cash. Negotiable money orders are also cash. On a balance sheet, there is a line item for cash and its equivalents. Cash equivalents are any assets that can be converted quickly into cash.


Synonyms For Cash


money, funds, dough, currency

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cash/
Modern Language Association (MLA):
Cash. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2020 https://payrollheaven.com/define/cash/.
Chicago Manual of Style (CMS):
Cash. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/cash/ (accessed: November 30, 2020).
American Psychological Association (APA):
Cash. PayrollHeaven.com. Retrieved November 30, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/cash/

Definition Sources


Definitions for Cash are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February, 2020 | 2 Views.