cash on hand
Definition
Funds that are immediately available to a business, and can be spent as needed, as opposed to assets that must be sold to generate cash. The amount of cash on hand determines what projects a company can undertake, or what financial hardships can be absorbed, without going into debt or arranging other financing.
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Credit Lines Tend to Contract at the Most Inopportune TimesI have warned in the past that both corporate and individual borrowers often view available credit as cash on hand. As consumers have seen their ability to borrow curtailed, many have changed their vi ... Read more
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