cash in hand

▪ I. cash in hand ˌcash in ˈhand ¹ noun [uncountable] ACCOUNTING

1. the amount of money in the form of cash that a company has after it has paid all its costs:

• We have a sound balance sheet, no borrowings and net cash in hand of £23 million.

2. written at the top of the assets side of a balance sheet to show the amount of money held by a company in the form of notes and coins — compare cash at bank

  [m0] ▪ II. cash in hand cash in hand ² adjective, adverb COMMERCE

if someone is paid cash in hand, they are paid in notes and coins so there is no written record of the payment:

• One dealer had been taking his commission payments cash in hand.

* * *

Ⅰ.

cash in hand UK US (also cash-in-hand) noun [U]

► ACCOUNTING, FINANCE an amount of cash a company has available after all its costs have been paid: »

He intended to have a financing package in place by June and to have some cash in hand by summer.

»

The deal leaves the company with £25m cash in hand to buy new stock.

► MONEY, COMMERCE money to pay the whole cost of goods or services immediately, rather than payment by another method such as credit: »

For buyers who do not have cash in hand, specialist marine mortgages for boats are available.

Ⅱ.

cash in hand UK US (also cash-in-hand) adverb, adjective

► MONEY, COMMERCE involving payment for goods or services immediately using cash, rather than by cheque, credit card, etc, especially when this is a way for the person being paid to avoid tax: »

He makes at least £300 a week, cash in hand.

»

cash-in-hand jobs