Word: Cash in Hand
Definition: "Cash in hand" refers to money that a person has available to them right now, usually in the form of physical cash or money that can be quickly accessed. It means you have money ready to use immediately, rather than money that is tied up in bank accounts or investments.
In more formal contexts, you might hear this term used in financial discussions or business meetings. For example: - "The company reported a healthy amount of cash in hand, allowing it to invest in new projects without taking on debt."
While "cash in hand" does not have a direct phrasal verb association, you might encounter "cash out," which means to withdraw money or convert assets into cash.
"Cash in hand" is a useful term to describe the money you physically possess or have immediate access to. It's important in daily life, especially when making purchases or handling financial matters.