Cash / Antiques of the Present

Synonyms

Bill; paper money

Definition

Money in the physical form of currency,such as banknotes and coins. In bookkeeping and finance, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.

Invention

960 A.D. -1279 A.D. Song Dynasty, China

Obsolescence

2030 A.D. - 2035 A.D.

Derivations

Middle French - caisse ("money box");Old Italian - cassa; Latin - capsa ("box")