vault cash

Definition

Cash that a bank keeps in its vault for daily transactions, such as check cashing or cash withdrawals. It is considered part of a bank's reserve obligation to the Federal Reserve Bank.

Use vault cash in a sentence

The vault cash was always kept on hand and is safely secured, we never know when that cash may become useful.

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You should make sure that you always have enough of your vault cash for all of your customers day to day needs.

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When a robber robs a bank, that robber would be getting the money from the vault cash which is the money the banking institute would keep in its vault for everyday financial transactions.

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