Cash

In economics, cash is money in the physical form of currency, such as banknotes and coins. While online payments are now commonly used in many parts of the world, cash is still widely used and accepted for buying and selling of products or services.^[1]

In bookkeeping and financial accounting, cash is 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.