« Back to Glossary Index« Back to Glossary Index
Tags: payments
Categories: Economics & Finance
A form of liquid funds given by a consumer to a provider of goods or services as compensation for receiving those products. In most domestic business transactions, a cash payment will typically be made in the currency of the country where the transaction takes place, either in paper currency, in coins or in an appropriate combination.
(source: http://www.businessdictionary.com/definition/cash-payment.html)
Related Articles: