What does cash payment mean?

cash payment meaning in Business Dictionary

a type of liquid resources given by a consumer to a provider of goods or services as settlement for getting those items. In most domestic business transactions, a cash payment will usually be made within the money of the country where in fact the deal happens, either in paper currency, in coins or perhaps in a proper combo.

Sentence Examples with the word cash payment

The suspension of cash payment by the Austro-Hungarian Bank was continued, but the bank was bound to provide, by every means at its disposal, that the value of its notes as quoted on foreign bourses should be permanently secured in proportion to the parity of the legal mint standard of the krone currency.

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