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TeachMeFinance.com - explain cash cash -- (1) coins or negotiable paper issued by governments as well as the balance in demand deposit accounts. For accounting purposes, cash includes money in the cash drawer, the vault, petty cash and checking account deposits in thrift institutions or banks. (2) the process of presenting a check for payment: literally of converting a check to cash. historic definition... Cash -- A colloquial name for money. Also, a cash (or spot) transaction is a transaction for immediate consummation and settlement. Usually in mercantile dealings, however, the term cash permits payment within 10 days. Also, to cash means to make collection. For instance, to cash a check or a coupon is to make collection of the amount of it. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.