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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.
A Refresher on Net Present Value. Loading... Most people know that money you have in hand now is more valuable than money you collect later on. Thatâs because you can use it to make more money by running a business, or buying something now and selling it later for more, or simply putting it in the bank and earning interest.