cash transaction
A trade which is generally settled on the same day it occurs for a specified amount of legal tender. A cash Transaction normally requires all particulars of the transaction including delivery and payment to be consummated within the same day. A forex cash transaction settles the same day as it was transacted with each party taking delivery of both sides of the currency pair.
Browse by Subjects
non-cash expense
receipts and payments account
See All Related Terms »

cost accounting