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Legal Forums arrow Legal Dictionary

CASH

Legal Term: CASH
Definition: commerce. Money on hand, which a merchant, trader or other person has to do business with. 2. Cash price, in contracts, is the price of articles paid for in cash, in contradistinction to the credit price. Pard. n. 85; Chipm. Contr. 110. In common parlance, bank notes are considered as cash; but bills receivable are not.


***All definitions are taken from the 1856 Edition of Bouviers Law Dictionary

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