Cash
Cash
Cash (/kaʃ/; from Middle English cas, from Old French casse, from Latin capsa, meaning "box") is a term used in financial and business contexts to refer to money in the physical form of currency, such as banknotes and coins.
In bookkeeping and finance, cash is often referred to as currency which is readily available for transactions and other financial activities. It is the most basic form of liquid asset and is used for the settlement of debts.
Etymology
The term "cash" originated from the Middle English word cas, which was derived from the Old French casse, meaning "box". This in turn was derived from the Latin capsa, also meaning "box". The term was originally used to refer to a box where money was stored and later came to mean the money itself.
Related Terms
- Currency: A system of money in general use in a particular country.
- Banknote: A piece of paper money, constituting a central bank's promissory note to pay a stated sum to the bearer on demand.
- Coin: A flat, typically round piece of metal with an official stamp, used as money.
- Debt: An amount of money borrowed by one party from another.
- Asset: A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
- Liquid Asset: An asset that can be converted into cash quickly and with minimal impact to the price received.
- Transaction: An instance of buying or selling something.
External links
- Medical encyclopedia article on Cash
- Wikipedia's article - Cash
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