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cash balance noun [U]. âº the âamount of âmoney a âcompany has in its âbank âaccount at a particular âtime: The âcompany âreported a âcash âbalance of Â£335m at the end of the second âquarter. See also. target cash balance.
cash definition. A current asset account which includes currency, coins, checking accounts, and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.)