The key to the classification of an amount as cash is that it be readily available to pay debts.

Name: The key to the classification of an amount as cash is that it be readily available to pay debts.
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Cash refers to funds that are immediately available in the form of currency, coins, or balances in bank accounts that are rapidly convertible to known amounts of cash. The primary characteristic of cash is that it can be used to pay debts immediately or in the near future, making it a highly liquid asset.

The Key to the Classification of an Amount as Cash