cash balance definition
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- cash balance noun [U]. › the ​amount of ​money a ​company has in its ​bank ​account at a particular ​time: The ​company ​reported a ​cash ​balance of £335m at the end of the second ​quarter. See also. target cash balance.
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What is 'Cash Management' Cash management is the treasury function of a business, responsible for achieving optimal efficiency in two key areas: receivables, which is cash coming in, and payables, which is cash going out. Receivables Management
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What is 'Cash' What is 'Cash'. Cash is legal tender or coins that can be used to exchange goods, debt or services. Sometimes it also includes the value of assets that can be converted into cash immediately, as reported by a company. Next Up.
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Cash and Short Term Investments Definition. Cash and Short Term investments is the sum of two balance sheet line items: cash and equivalents and short term investments in marketable securities. Cash and short term investments are considered very liquid assets. For instance, if a company needs immediate liquidity, cash and short term investments can be be quickly used. Cash and short term investments are frequently used in liquidity ratios.
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Bank Secrecy Act (BSA) Cash is defined as being currency and coins of the United States and any other country or certain monetary instruments such as cashier's checks, bank drafts, traveler's checks or money orders. A personal check is not considered to be cash.
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What is a cash-balance plan? Another key difference: If you leave the company before retirement age, you may take the contents of your cash-balance plan as a lump sum and roll it into an IRA.A traditional pension isn't portable.ltimate guide to retirement. A cash-balance plan is a defined benefit plan that is a whole lot like a traditional pension, but with a few elements that closely resemble a 401(k) .
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Glossary of Terms Account Balance -The sum of the dollar amounts in each TSP investment fund for an individual account. The dollar amount in each investment fund on a given day is the product of the total number of shares in that fund multiplied by the share price for that fund on that day.
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Cash balance plan A cash balance plan is a defined benefit retirement plan that maintains hypothetical individual employee accounts like a defined contribution plan.n addition, the cash balance plan would provide an interest credit of say 6% of the prior year’s balance in each worker’s “hypothetical account” so that the current year’s balance would be the sum of the prior year’s balance and the current year’s pay credit and an interest credit on prior year’s balance.
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balance A man balancing on a tight rope. The definition of balance is the amount of something left over after additions and subtractions have been made. An example of balance is the money owed on taxes after all income has been calculated and deductions have been figured.
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Tax Dictionary In a defined contribution plan, the actual amount of retirement benefits provided to an employee depends on the amount of the contributions as well as the gains or losses of the account. A cash balance plan is a defined benefit plan that defines the benefit in terms that are more characteristic of a.defined contribution plan. In other words, a cash balance plan defines the promised benefit in terms of a stated. account balance.. Participation-Participation in typical cash balance plans generally does not depend on the workers contributing part of their compensation to the plan; however, participation in a 401(k) plan does depend, in whole or in part, on an employee choosing to make a contribution to the plan.
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balance- definition and synonyms [countable] the amount of money you have in your bank account The current balance in your account is £1,182. General words relating to banking:a/c, APR, balance... a. [singular] the amount of money that you owe after paying part of the cost of something You pay a deposit now and the balance in 12 months.
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Credit Card Glossary Balance. An outstanding amount of money. A checking or savings account balance refers to the amount of money in a particular account. A credit card balance refers to the amount owed. See also Outstanding Balance.Balance Transfer Allows you to use the available credit on one credit card and pay off another, ideally with a lower cost.he Cardholder Agreement details the Terms and Conditions of your credit card account and includes information such as the rate, fees and other cost information associated with the account. Cash Advanc e. A cash advance is an advance of funds from your card account.
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Cash Flow Cash Flow. Definition: The difference between the available cash at the beginning of an accounting period and that at the end of the period. Cash comes in from sales, loan proceeds, investments and the sale of assets and goes out to pay for operating and direct expenses, principal debt service, and the purchase of asset .
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Cash flow Cash flow notion is based loosely on cash flow statement accounting standards. the term is flexible and can refer to time intervals spanning over past-future. It can refer to the total of all flows involved or a subset of those flows. Subset terms include net cash flow, operating cash flow and free cash flow.
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Balance sheet Balance sheet. In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a snapshot of a company's finan
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cash balance noun. a balance that represents cash alone, as distinct from a balance that includes money owed but as yet unpaid. “ I was recently looking over the books for our business and I noticed we have a cash balance of $100.00.
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from FAQâs, to How-To Videos and Training. The Cash Book Opening Balance is any money to hand (but not in the bank) at the time of starting to use the system. It would typically be the total of cash, cheques etc. received from customers but not lodged by the first of the month you start to use the system.
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What Is Cash on Hand? Cash on hand is a term used to describe the current liquid assets of a company or individual. This includes actual cash as well as accessible balances in checking, savings, money market, and other such accounts. In some cases, available credit funds may also be included.
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- Cash Balance Definition. A cash balance is the amount of money available in a bank account. A positive balance in the account indicates cash available to make purchases, whereas a negative balance shows an excess of debts drawn on the account. An account with a negative balance is said to be overdrawn.
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cash flow Cash flow. Cash flow is a measure of changes in a company's cash account during an accounting period, specifically its cash income minus the cash payments it makes. For example, if a car dealership sells $100,000 worth of cars in a month and spends $35,000 on expenses, it has a positive cash flow of $65,000.
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- cash pooling. Definition. A cash management technique employed by companies holding funds at financial institutions. Cash pooling allows companies to combine their credit and debit positions in various accounts into one account, and includes techniques like notional cash pooling and cash concentration.
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Glossary of Common Insurance Terms Cash value - The amount of money the life insurance policy owner will receive as a refund if the policy owner cancels the coverage and returns the policy to the company. Also called cash surrender value..
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Balance sheet Balance sheet. In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organisation, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.
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balance balance. 1  to add up the two sides of (an account) and determine the difference. 2  to make the necessary entries in (an account) so that the sums of the two sides will be equal. 3  to settle by paying what remains due on an account; equalize or adjust.
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- BANK BALANCE SHEET: A record of the assets, liabilities, and net worth of a bank at a given point in time. Assets are what a bank owns. Liabilities are what a bank owes. Net worth is the difference between the two and what is claimed by or owed to the owners of the bank. By definition, a balance sheet must balance. The assets on one side are equal to the liabilities and net worth on the other.
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- A constant or unchanging amount that is often used when referring to petty cash. For example, if the petty cash account in the general ledger has an imprest balance of $100, the account balance will be a constant $100.