cash transaction

Definition

A transaction that involves the immediate exchange of cash for an asset. A cash transaction is the opposite of a futures contract, which involves the exchange of an asset at a later date and at a set price.

Use cash transaction in a sentence

The cash transaction was necessary as we were shopping at a cash and carry store for our business to stock up.

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You should always make sure that you trust the other parties true intentions when doing any cash transaction with them.

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My brother used the proceeds from the sale of his stake in his startup company to buy his dream car, a Bugatti Veyron, in a cash transaction.

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cash cost Bank Secrecy Act (BSA)