CASH

Definitions

1. 1. A place where money is kept, or where it is deposited and paid out; a money box. [Obs.] This bank is properly a general cash, where every man lodges his money. Sir W. Temple. £20,000 are known to be in her cash. Sir R. Winwood.
2. 2. Ready money; especially, coin or specie; but also applied to bank notes, drafts, bonds, or any paper easily convertible into money.
3. 3. Immediate or prompt payment in current funds; as, to sell goods for cash; to make a reduction in price for cash. Cash account (Bookkeeping), an account of money received, disbursed, and on hand. -- Cash boy, in large retail stores, a messenger who carries the money received by the salesman from customers to a cashier, and returns the proper change. [Colloq.] -- Cash credit, an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank to the extent of an amount agreed upon; -- called also bank credit and cash account. -- Cash sales, sales made for ready, money, in distinction from those on which credit is given; stocks sold, to be delivered on the day of transaction.