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CASH
, 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. Pard. n. 85; Chipm. Contr. 110. In common parlance, bank notes are considered as cash; but bills receivable are not.
Source: Bouviers Law Dictionary 1856 Edition
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