cash-based

cash-based
Referring to an option or future that is settled in cash when exercised or assigned. No physical entity, either stock or commodity, is received or delivered. Bloomberg Financial Dictionary

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cash-based UK US adjective [usually before noun] FINANCE
used to describe investments, financial products, etc. that involve money rather than shares, bonds, etc.: »

cash-based savings accounts

used to describe financial activities that are done using cash rather than cheques, bank cards, etc.: »

It's worth bearing in mind that this is a cash-based society - even quite smart restaurants won't take credit cards.


Financial and business terms. 2012.

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