In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.
The word is variously attributed. Some claim that the word "cash" comes from the modern French word caisse, which means (money) box, from the Provençal word caissa, from the Italiancassa, from the Latin capsa all meaning box. In the 18th century, the word passed to refer to the money instead of the actual box containing it. Another claim is that it was derived from Tamil word kāsu (Tamil:காசு) meaning a coin, by East India Company.
"Cash" used as a verb means "to convert to cash"; for example in the expression "to cash a cheque".
In Western Europe, after the Collapse of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of money, until Venetian merchants started using silver bars for large transactions in the early Middle Ages. In a separate development, Venetian merchants started using paper bills, instructing their banker to make payments. Similar marked silver bars were in use in lands where the Venetian merchants had established representative offices. The Byzantine empire and several states in the Balkan area and Kievan Rus also used marked silver bars for large payments. As the world economy developed and silver supplies increased, in particular after the colonization of South America, coins became larger and a standard coin for international payment developed from the 15th century: the Spanish and Spanish colonial coin of 8 reales. Its counterpart in gold was the Venetian ducat.
Skr.karsha 'a weight of silver or gold equal to 1⁄400 of a tulā' (Williams); Singhalesekāsi coin. The early Portuguese writers represented the native word by cas, casse, caxa, the Fr. by cas, the Eng. by cass: the existing Pg.caixa and Eng. cash are due to a natural confusion with CASH n.1. From an early date the Portuguese applied caixa (probably on the same analogy) to the small money of other foreign nations, such as that of the Malay Islands, and especially the Chinese, which was also naturally made into cash in English. (Yule)" The English word "cash," meaning "tangible currency," is an older word from Middle Frenchcaisse.
Cash as a currency unit name in China, not to be confused with the type of copper coin also known as cash, refers to a unit used for centuries for copper coinage and banknote equivalents known as wén (文) in Chinese. Being the earliest country to implement paper based currency, at 1023 the 交子 paper money currency occur to adapt the economical climate change of globalization brought by fair trade via silk road, although metal coin were still in circulation. After the introduction of a unified currency system in 1889, the cash continued to be used as a subunit of the yuan with 1000 cash equal to one yuan. Coins continued to be denominated in cash until the 1920s nationally and for a time thereafter regionally.
MDLA) in connection with the proposed acquisition of the company by Thoma Bravo.� Under the terms of the merger agreement, the company's shareholders will receive $34.00 per share in cash for each share of MDLA common stock that they hold.� If you own MDLA shares and wish to ...
Israeli trading platform eToro has notified the US Securities Exchange Commission (SEC) of a delay in completing its SPAC merger. The merger was supposed to be completed by the end of the third quarter - next week ... Under the terms of the SPAC merger, eToro will receive an injection of $250 million in cash raised by FinTech Acquisition Corp.
The shares of Zee Entertainment Enterprises Ltd rallied 31 per cent on Wednesday after the announcement of a merger with Sony Pictures... On an overall basis, the merger is expected to provide strategic synergies and the cash balance of nearly $1.57 billion of SPNI will provide growth impetus to the merged entity.
Argus, led by Joseph Ianniello, who ran CBS prior to its merger with Viacom, and Marc DeBevoise, most recently the chief executive officer of ViacomCBS Digital, filed with the SEC in July ... Among other recent deals, in June BuzzFeed agreed to a merger with 890 5th AvenuePartners (ENFA.O), valuing it at $1.5 billion net of cash.
the risk that the anticipated benefits of the Government of Canada’s funding, which is subject to the negotiation of definitive documentation, will fail to materialize as planned or at all; the risk that the benefits of the proposed merger with Legato (the “transaction”), ...
VNE) in connection with�the company's proposed acquisition by Magna International Inc.�Pursuant to the merger agreement, the company's shareholders will receive $31.25 per share in cash for each share of VNE common stock that they hold.
Under the terms of the Merger, each share of BPFH common stock was canceled and converted into $2.10 in cash and 0.0228 shares of SVB Financial Group common stock (the "Merger Consideration") ... Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in mergers & acquisitions class action cases.
Under the terms of the merger agreement, upon the completion of the merger, Veritex will pay $57.5 million in cash to existing shareholders of NAC, subject to adjustment. Three years after the completion of the transaction, NAC has the right, subject to adjustment, to receive an additional $5 million in cash subject to certain performance measures ... .
Under the terms of the merger agreement, Sierra stockholders will receive aggregate consideration in the form of cash and stock consideration valued at approximately $623.7 million based on Barings BDC's June 30, 2021 net asset value ("NAV") of $11.39 per share and representing total book value consideration of $6.10 per fully diluted Sierra share.
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("Nicolet").� Under the terms of the merger agreement, ICBK shareholders will elect to receive either $37.18 in cash or ... Under the terms of the merger agreement, the company's shareholders will receive $330.00 per share in cash for each share of STMP common stock that they hold.
NLOK)�concerning potential violations of�the federal securities laws and/or breaches of fiduciary duties relating to its merger with Avast. Under the terms of the merger, Avast shareholders will be entitled to receive a combination of cash consideration and newly issued shares in NortonLifeLock with alternative consideration elections available.
As previously disclosed, the merger consideration included cash and shares of Pacific Biosciences common stock as well as additional consideration upon the achievement of a specified milestone ...Subject to the terms of the Merger Agreement and the achievement of a specified ...