CASH ON HAND Definition

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CASH ON HAND literally means coin, currency, and cash items on hand. It is not possible to have negative cash on hand.

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LIQUIDATION is the selling of all the assets of a debtor and the use of the cash proceeds of the sale to pay off creditors.

DISPOSABLE INCOME is the amount of an individuals income left after taxes which is available for spending and / or savings. See DISCRETIONARY INCOME.

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