Tuesday, January 20, 2009

cash

Cash

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Cash refers to money in the physical form of currency, such as banknotes and coins.

In bookkeeping and finance, "cash" refers to current assets comprised of currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts).

Cash is a prompt or instant payment for goods and services. It is considered to be the most liquid asset in the world.

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