3 ms·

Uhm, mattress is optional, but the form of notes (or equivalent) is not. Words have meaning. Cash you have physically and it shelters you from incompetent/rogu

Uhm, mattress is optional, but the form of notes (or equivalent) is not. Words have meaning. Cash you have physically and it shelters you from incompetent/rogue financial companies and governments. If you use "cash" to mean something else then what is the word for cash?

ghaff 3y ago
Like everyone else, a liquid and very low risk (modulo inflation) financial instrument. (The definition is often a bit broader in financial statements.) I'd posit that, in this day and age, $100K (or whatever) in bank notes is going to do you very little good if you lose access to all your accounts.
- throwaway290 3y ago
  > Like everyone else, a liquid and very low risk (modulo inflation) financial instrument. You clearly misread my question. I'll rephrase for legibility then: What is the word for cash (as in "physical money not in a bank") if you use "cash" to mean the opposite ("money in a bank")? Is it now a concept so rarely used that term is unnecessary? Also wow, didn't know you can't buy a car or a house with cash in US anymore, interesting times. Which year did it become illegal?
  - DennisP 3y ago
    Words can have more than one meaning, depending on context. For investors talking about asset allocation, "cash" means t-bills, money market, or money in the bank.
  - ghaff 3y ago
    It depends on the context. In the context of paying for your dinner, it means bills/notes. In the context of personal or corporate finances, it means liquid, low-risk investments. >Also wow, didn't know you can't buy a car or a house with cash in US anymore, interesting times. Which year did it become illegal? It's not illegal but I'd guess in a lot of situations involving (legal) high dollar transactions, the seller is probably going to tell you to take your briefcase of $100 bills to the bank and get a cashier's check--which will also kick off some raised eyebrows and financial reporting obligations.

ghaff 3y ago

Like everyone else, a liquid and very low risk (modulo inflation) financial instrument. (The definition is often a bit broader in financial statements.) I'd posit that, in this day and age, $100K (or whatever) in bank notes is going to do you very little good if you lose access to all your accounts.

throwaway290 3y ago
> Like everyone else, a liquid and very low risk (modulo inflation) financial instrument. You clearly misread my question. I'll rephrase for legibility then: What is the word for cash (as in "physical money not in a bank") if you use "cash" to mean the opposite ("money in a bank")? Is it now a concept so rarely used that term is unnecessary? Also wow, didn't know you can't buy a car or a house with cash in US anymore, interesting times. Which year did it become illegal?
- DennisP 3y ago
  Words can have more than one meaning, depending on context. For investors talking about asset allocation, "cash" means t-bills, money market, or money in the bank.
- ghaff 3y ago
  It depends on the context. In the context of paying for your dinner, it means bills/notes. In the context of personal or corporate finances, it means liquid, low-risk investments. >Also wow, didn't know you can't buy a car or a house with cash in US anymore, interesting times. Which year did it become illegal? It's not illegal but I'd guess in a lot of situations involving (legal) high dollar transactions, the seller is probably going to tell you to take your briefcase of $100 bills to the bank and get a cashier's check--which will also kick off some raised eyebrows and financial reporting obligations.