cash

That which circulates as money. It is generally held to include bank notes. 9 Johns. (N. Y.) 120; 10 Wheat. (U. S.) 347. But see 3 Halst. (N. J.) 172. Treasury notes (3 Conn. 534) and gold dust (1 Cal. 49) have been held not to be cash. See, also, 6 Md. 37; 44 Ala. 402. Money at command; ready money. 28 Grat. (Va.) 175. A sale for cash is a sale for money in hand (24 N. J. Law, 101), but a local custom may give the phrase another meaning (3 Mo. App. 149).

That which circulates as money, including bank bills, but not mere bills receivable. The provision of the limited partnership acts requiring "actual cash payment" by the special partner is not complied with by the delivery to the firm of promissory notes, which are received and treated as cash; Pierce v. Bryant, 5 Allen (Mass.) 91; nor of credits, Van Ingen v. Whitman, 62 N. Y. 513; nor of post-dated checks, Durant v. Abendroth, 69 N. Y. 148, 25 Am. Rep. 158; though regular checks of third parties, conceded to represent cash, have been allowed; Hogg v. Orgill, 34 Pa. 344. Cash price is the price of articles paid for in cash at the time of purchase, in distinction from the barter and credit prices. A sale for cash is a sale for money in hand; Steward v. Scudder, 24 N. J. L. 101.

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.

Ready money; whatever can ba used as money without being converted inta another form; that which circulates as money, including bank-bills. Cash payment means the opposite of credit 6 Md. 37; 24 N. J. Law, 96.

In all sales for cash the money must be paid when the property is delivered. A sale for cash is a sale for the money in hand. But when a factor is directed to sell grain for cash, evidence may be given of a well-established custom to allow the purchaser to receive the grain, and call for the money in a few days after delivery. Where goods are sold for cash, but the delivery is unconditional and without fraud or mistake, the title vests in the vendee notwithstanding the cash was not in fact paid.' The idea of a sale on credit is that the vendee is to have the thing sold on his assumption to pay, and before actual payment.* See Credit; Current, 2; Money; Place, 1, Of delivery, payment; Sale; Value.

commerce, money on which a merchant trader or person has to do business with. price, in contracts, is the price articles paid for in cash, in contradistinction of credit price, which be paid for some time after the Pard. n. 85; Chipm. Contr. In common parlance, bank are considered as cash; but receivable are not.