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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.
I do not like using credit or debit cards when purchasing things at the store, I prefer to use cash on hand. 18 people found this helpful The cash on hand for the business was uncomfortably high as the area does experience some crime and it was the last day of the week.