what investors refer to as 'cash on hand' doesn't literally mean a room full of bills or a bank account. a 'cash asset' is anything that can be theoretically co

what investors refer to as 'cash on hand' doesn't literally mean a room full of bills or a bank account. a 'cash asset' is anything that can be theoretically converted back into cash quickly and with little trouble (tbills, term deposits, bank accounts, any AAA+ funds, etc.) for eg. if the Greek government owed me $1B, I wouldn't call that cash on hand, but if the US government owed me $1B, it is