The IT Law Wiki

Definitions[]

Cash is

  • (Noun) something of monetary value in the form of coins or notes, as distinct from checks, money orders, or credit.
  • (verb) to give or obtain coins or notes for something else of monetary value. such as a check or money order.

Overview[]

"Cash is authenticated by its physical appearance and characteristics, and in the case of banknotes by serial numbers and other security devices. . . . [I]n the case of cash there is no ledger that records transactions and there is a problem with forgeries of both coins and notes."[1]}}

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