Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    Ready money, money in hand, either in current coin or other legal tender, or in bank bills or checks paid and received as money. See 136 U. S. 257, 34 L. Ed. 514, 10 Sup. Ct. Rep. 1034.

  • Black's Law Dictionary: 2nd Edition

    Ready money; whatever can be used as money without being converted into another form; that which circulates as money, including bank-bills. Hooper v. Flood, 54 Cal. 221; Dazet v. Landry, 21 Nev. 291, 30 Pac. 1064; Blair v. Wilson, 28 Grab (Vat) 165; Havlland v. Chace, 39 Barb. (N. Y.) 284.
    —Cash-aooount. A record, in book-keeping, of all cash transactions; an account of moneys received and expended.
    —Cash-book. In bookkeeping, an account-book in which is kept a record of all cash transactions, or all cash received and expended. The object of the cashbook is to afford a constant facility to ascertain the true state of a man's cash. Pardessus, n. 87.
    —Cash-note. In England. A bank-note of a provincial bank or of the Bank of England.
    —Cash-price. A price payable in cash at the time of sale of property, in opposition to a barter or a sale on credit.
    —Cash value. The cash value of an article or piece of property is the price which it would bring at private sale (as distinguished from a forced or auction sale) the terms of sale requiring the payment of the whole price in ready money, with no deferred payments. Ankeny v. Blakley, 44 Or. 78, 74 Pac. 485; State v. Railway Co.., l(T Nev. 68; Tax Co.m'rs v. Holliday, 150 Ind. 216, 49 N. E. 14, 42 Jj. R. A. 826; Cummings v. Bank, 101 U. S. 162, 25 L. Ed. 903.