commerce. Money on hand, which a merchant, trader or other person has to do business with. 2. Cash price, in contracts, is the price of articles paid for in cash, in contradistinction to the credit price. In common parlance, bank notes are considered as cash; but bills receivable are not.
Law Dictionary – Alternative Legal Definition
Ready money; whatever can be used as money without being converted into another form; that which circulates as money, including bank bills. Hooper v. Flood, 54 Cal. 221; Dazet v. Landry, 21 Nev. 291, 30 Pac. 1064; Blair v. Wilson, 28 Grat (Va.) 165; Haviland v. Chace, 39 Barb. (N. Y.) 284. Cash account. A record, in book keeping, of all cash transactions; an account of moneys received and expended. Cash book. In bookkeeping, an account book in which is kept a record of all cash transactions, or all cash received and expended. The object of the cash book is to afford a constant facility to ascertain the true state of a man’s cash. Pardessus, n. 87. Cash note. In England. A bank note of a provincial bank or of the Bank of England. Cash price. A price payable in cash at the time of sale of property, in opposition to a barter or a sale on credit. Cash value. The cash value of an article or piece of property is the price which it would bring at private sale (as distinguished from a forced or auction sale) the terms of sale requiring the payment of the whole price in ready money, with no deferred payments. Ankeny v. Blakley, 44 Or. 78, 74 Pac. 485; State v. Railway Co., Iff Nev. 68; Tax Com’rs v. Holliday, 150 Ind. 216, 49 N. E. 14, 42 L. R. A. 826; Cummings v. Bank. 101 U. S. 162, 25 L. Ed. 903.