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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.
Overview. Cash-on-Cash (or CoC) is a measurement of the ratio between the total amount of cash flow a rental income property generates in a particular year (usually before taxes) and the total investment a real estate investor initially makes to purchase the property.