What is CASH? Definition of CASH in Black's Law Dictionary – Legal dictionary – Glossary of legal terms.
Money or its equivalent; usually ready money. Kerlin v. Young, 159 Ga. 95, 125 S.E. 204, 207; Britain v. Rice, Tex.Civ.App., 204 S.W. 254, 256.
Money in hand, either in current coin or other legal tender, or in bank bills or checks paid and received as money. Dunlap v. Whitmer, 133 La. 317, 62 So. 938, 943, Ann.Cas. 1915C, 990. Bank deposits, In re Feist's Will, 170 Misc. 497, 10 N.Y.S.2d 506, 508; Lane v. Railey, 280 Ky. 319, 133 S. W.2d 74, 79, 80. banknotes or sight drafts, Lane v. Railey, 280 Ky. 319, 133 S.W.2d 74, 79, 80. Bank's deposit certificate. Bingham v. Montcalm County, 251 Mich. 651,
232 N.W. 348, check, Van Decar v. Streeter, 136 Misc. 206, 240 N.Y.S. 492, 497. Commercial paper. Commercial Credit Corporation v. Third & Lafayette Streets Garage, 131 Misc. 786, 228 N.Y.S. 166, 168. Currency, coin, specie. Lane v. Railey, 280 Ky. 319, 133 S.W.2d 74, 79, 80. 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; Dazel v. Landry, 21 Nev. 291, 30 Pac. 1064; United States v. Williams, D.C. Wash., 282 F. 324, 325. The term may include currency, municipal orders, warrants, or scrip. Arkansas Public Utilities Co. v. Incorporated Town of Heber Springs, 151 Ark. 249, 235 S.W. 999, 1001. It is frequently used as an antonym of "credit." Parrish v. American Ry. Employees' Pub. Corporation, 83 Cal.App. 298, 256 P. 590, 591; State v. Woodward, 208 Ala. 31, 93 So. 826.
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That's the definition of CASH in Black's Law Dictionary – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.