Immediate payment, as in They won’t extend credit; it’s cash on the barrelhead or no sale. The lexicographer Charles Earle Funk surmised that this term originated in the days when upended barrels served as both seats and tables in bars, and customers were required to pay for their drinks immediately, literally putting their money on the top (head) of a barrel.
Also, cashout. a direct cash payment or a cash profit or remainder: The store owner lived on a cash-out of fifty dollars a day. a payment of winnings or a cashing in of chips, as in a casino. cash-in.
automated-teller machine. noun a cash dispenser
- Cash ratio
noun the ratio of cash on hand to total deposits that by law or custom commercial banks must maintain Also called liquidity ratio
a business machine that indicates to customers the amounts of individual sales, has a money drawer from which to make change, records and totals receipts, and may automatically calculate the change due. Historical Examples She should get away from her seat at that cash-register, and return to the open air. Cavanagh: Forest Ranger Hamlin Garland […]