Simple English definitions for legal terms
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Term: CASH
Definition: Cash is money that you can use to buy things. It can be coins, paper money, or money in a bank account that you can use to pay for things you need. Petty cash is a small amount of money that is kept on hand for small expenses.
Definition: Cash refers to money or its equivalent, including currency, coins, negotiable checks, and balances in bank accounts. It can also refer to petty cash, which is currency kept on hand for incidental expenditures.
These examples illustrate how cash can take different forms, including physical currency and digital balances in bank accounts. Petty cash is a specific type of cash that is used for small expenses and is kept on hand for convenience.