Meaning of “cash in hand” in the English Dictionary

"cash in hand" in Business English

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cash in handnoun [ U ]

also cash-in-hand uk us

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.

cash in handadverb, adjective

also cash-in-hand uk us

MONEY, COMMERCE involving payment for goods or services immediately using cash, rather than by cheque, credit card, etc, especially when this is a way for the person being paid to avoid tax:

He makes at least £300 a week, cash in hand.
cash-in-hand jobs

(Definition of “cash in hand” from the Cambridge Business English Dictionary © Cambridge University Press)