Meaning of “target cash balance” in the English Dictionary

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"target cash balance" in Business English

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target cash balancenoun [ U ]

uk us FINANCE

the total amount that a company aims to have in its bank accounts at a particular time so that it has enough money available for its needs, but not too much, as this extra amount could be used for other purposes:

The firm's executive team must determine the appropriate target cash balance.

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