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> Like everyone else, a liquid and very low risk (modulo inflation) financial instrument. You clearly misread my question. I'll rephrase for legibility then: W
by 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 agoWords 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 agoIt 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.