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English definition of “cash in hand”

cash in hand

noun [U] ( also cash-in-hand)
 
 
ACCOUNTING, FINANCE an amount of cash a company has available after all its costs have been paid: He intended to have a financing package in place by June and to have some cash in hand by summer. The deal leaves the company with £25m cash in hand to buy new stock.
MONEY, COMMERCE money to pay the whole cost of goods or services immediately, rather than payment by another method such as credit: For buyers who do not have cash in hand, specialist marine mortgages for boats are available.
(Definition of cash in hand noun from the Cambridge Business English Dictionary © Cambridge University Press)
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