cash 1

cash 1 definition - business

cash 1

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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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