We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments.
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.
Cash surrender value represents the dollar sum a life insurance policy accumulates over time. This amount can be accessed by the policyholder in a variety of ways before the policy matures. Also known as policyholderâs equity, cash surrender value can be seen as a savings source thatâs tax-free or at least tax-deferred until the money is accessed by the policyholder.