Cash
From ArticleWorld
Cash typically refers to money in the form of liquid currency, such as paper tender or coins. This is the basis of placing value on items and on the value of one’s work and earnings. Cash is a form of legal tender.
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Legal Tender
Many means can be used to identify that something is a form of currency, but the most common is that of the governmental backing of a form of tender. This is typically done with the government imposing taxes or tariffs that can only be paid with the currency of that land. It forces a value based on the taxes and the need to pay for them. Many cultures of history started their currency this way and it has been met with success.
Origin of the name
The word comes from kaasu in the Indian language Tamil.
Early Chinese money was called Cash. The 1 Kuan Ming note from the Ming Dynasty (1368-1399) is one of the earliest suriving examples of actual paper currency, and was equivalent to 100 Cash. This was the stepping stone for the introduction of paper currency and also the term cash in reference to it.
Related terminology
Cash can also refer to checks, money orders, bank drafts, cashier's checks, or traveler's checks. These forms are term indicating the most liquid form of assets. These have a fixed rate in their value and can be converted easily into currency.
The draw back to this means is that some of these if written directly to the person can’t be converted into cash save at select locations. This is a form of security, but also a limiting factor if the cash is needed.
Verb
Cashing or to cash is a term that is used for converting related items to cash into actual cash. This is a term that is used by many that get paid for services rendered in the form of a check or in some medium like such.