Cash


Cash

Cash usually refers to money in the form of currency, such as banknotes and coins.

In bookkeeping and finance, "cash" refers to current assets comprised of currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts).

Etymology

The English word "cash" is of the French "," itself a borrowing of the Provençal "caissa." That Provençal word is a derivative of the Latin ' (box, chest), most likely by way of an unattested Vulgar Latin form "*capsea;" Spanish ' and Portuguese "" are their respective languages' reflexes.cite encyclopedia
title=Cash, "n."1
encyclopedia=OED Online
] cite encyclopedia
title=Caisse
last=Bloch, Oscar, and Walther von Warthburg (Dirs.)
encyclopedia=Dictionnaire étymologique de la langue française
location=Paris
publisher=Presses universitaires de France
edition=1er édition «Quadrige»
year=2002
] From the original sense of a box or a chest, the word came to refer to a sum of money such as was or might be contained in one, and eventually to specie or, with the elimination of metallic standards, banknotes. In this sense, it is used in contrast to credit or other financial instruments.

Historical usage in Asia

The word was formerly used also to refer to certain low-value coins used in South and East Asia. This sense derives from the Tamil/Telugu "kāsu," a South Indian monetary unit which can be traced back to Sanskrit "karsa", a weight of gold or silver but akin to Old Persian "karsha"-, a weight. a unit of value equivalent to one cash coin. The early European representations of this Tamil/Telugu word, including Portuguese "caxa" and English "cass," merged the existing words "caixa" and "cash," which had similar connections with money. In the pre-1818 South Indian monetary system, the cash was the basic coin, with 80 cash equalling a "fanam" and 42 fanams equalling a "star pagoda" worth roughly 7"s." 8"d."cite encyclopedia
title=Cash, "n."2
encyclopedia=OED Online
]

This assimilated Tamil/Telugu word was then applied to various other coins with which European traders came into contact, including the famous holed cash coins of China, the Chinese cash. These coins were commonly strung on cords for use in larger transactions; 1000 equalled a tael.

Notes

ee also

*Cash register
*Cash and cash equivalents
*Cash flow
*Cash counter
*Cash management
*Petty cash
*Chinese cash
*Johnny Cash
*List of English words of Persian origin


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Look at other dictionaries:

  • cash — cash …   Dictionnaire des rimes

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  • cash — n 1: ready money 2: money or its equivalent (as a check) paid for goods or services at the time of purchase or delivery cash against documents: a sight draft in exchange for a bill of lading agree that the buyer will pay cash against documents… …   Law dictionary

  • Cash — (k[a^]sh), n. [F. caisse case, box, cash box, cash. See {Case} a box.] A place where money is kept, or where it is deposited and paid out; a money box. [Obs.] [1913 Webster] This bank is properly a general cash, where every man lodges his money.… …   The Collaborative International Dictionary of English

  • cash — cash1 [kash] n. [MFr casse < OFr < OIt cassa < L capsa: see CASE2] 1. money that a person actually has, including money on deposit; esp., ready money 2. bills and coins; currency 3. money or its equivalent, as a check or money order,… …   English World dictionary

  • cash — cash; cash·el; cash·ew; cash·mere; cash·mer·ette; co·cash; en·cash; non·cash; cash·less; en·cash·able; en·cash·ment; …   English syllables

  • cash — ► NOUN 1) money in coins or notes. 2) money as an available resource: he was always short of cash. ► VERB 1) give or obtain notes or coins for (a cheque or money order). 2) (cash in) convert (an insurance policy, savings account, etc.) into money …   English terms dictionary


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