Cash

Cash refers to money in the physical form of currency, such as banknotes and coins.

In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.

Etymology

The word is variously attributed. Some claim that the word "cash" comes from the modern French word caisse, which means (money) box, from the Provençal word caissa, from the Italian cassa, from the Latin capsa all meaning box. In the 18th century, the word passed to refer to the money instead of the actual box containing it. Another claim is that it was derived from Tamil word kāsu (Tamil: காசு) meaning a coin, by East India Company.

"Cash" used as a verb means "to convert to cash"; for example in the expression "to cash a cheque".

History

In Western Europe, after the Collapse of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of money, until Venetian merchants started using silver bars for large transactions in the early Middle Ages. In a separate development, Venetian merchants started using paper bills, instructing their banker to make payments. Similar marked silver bars were in use in lands where the Venetian merchants had established representative offices. The Byzantine empire and several states in the Balkan area and Kievan Rus also used marked silver bars for large payments. As the world economy developed and silver supplies increased, in particular after the colonization of South America, coins became larger and a standard coin for international payment developed from the 15th century: the Spanish and Spanish colonial coin of 8 reales. Its counterpart in gold was the Venetian ducat.

August 29

August 29 is the 241st day of the year (242nd in leap years) in the Gregorian calendar. There are 124 days remaining until the end of the year.

Events

2015

2015 (MMXV) was a common year starting on Thursday (dominical letter D) of the Gregorian calendar, the 2015th year of the Common Era (CE) and Anno Domini (AD) designations, the 15th year of the 3rd millennium, the 15th year of the 21st century, and the 6th year of the 2010s decade.

2015 was designated as:

Events

January

Episode

An episode is a coherent narrative unit within a larger dramatic work such as a film or television series. An episode is to a sequence as a chapter is to a book. Most are from 20 to 40 minutes in length.

The word derives from the ancient Greek ἐπεισόδιον (epeisodion), meaning the material contained between two songs or odes in a Greek tragedy.

See also

References