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cash on hand. Definition. Funds that are immediately available to a business, and can be spent as needed, as opposed to assets that must be sold to generate cash. The amount of cash on hand determines what projects a company can undertake, or what financial hardships can be absorbed, without going into debt or arranging other financing.
A cash account is a type of brokerage account in which the investor must pay the full amount for securities pur-. There are âsufficient fundsâ in the account; or. The broker-dealer accepts in good faith the investorâs agreement that the investor will promptly make. âfull cash paymentâ for the security before selling it and does not contemplate selling the security prior. to making such payment.