What "cash" means in finance

Cash refers to physical currency, coins, or bank deposits that are readily available for use in transactions. It represents money that a company or individual can use immediately to pay for goods and services, invest in assets or pay off debts. It is a key component of liquidity and is considered an important metric of a company's financial health. Cash is often distinguished from other assets like investments or accounts receivables that may take some time to convert into cash.