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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.
Cash on Delivery. A transaction in which goods are paid for in full in cash or by certified check immediately when they are received by the buyer. â I would be getting cod which I thought was a much better system than the one we had going before.