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cash on hand. Definition. Funds that are immediately available to a business, and can be spent as needed, as opposed to assets that must be sold to generate cash. The amount of cash on hand determines what projects a company can undertake, or what financial hardships can be absorbed, without going into debt or arranging other financing.
Meaning of âcash in handâ in the English Dictionary. cash in hand in Business English. cash in handnoun [ U ] He intended to have a financing package in place by June and to have some cash in hand by summer. The deal leaves the company with Â£25m cash in hand to buy new stock. For buyers who do not have cash in hand, specialist marine mortgages for boats are available.