cash in hand
noun [ U ]
(also cash-in-hand) ukus ACCOUNTING, FINANCE
an amount of cash a company has available after all its costs have been paid:
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 £25m cash in hand to buy new stock.
MONEY, COMMERCE
money to pay the whole cost of goods or services immediately, rather than payment by another method such as credit:
For buyers who do not have cash in hand, specialist marine mortgages for boats are available.
cash in hand
adverb, adjective
(also cash-in-hand) ukus MONEY, COMMERCE
involving payment for goods or services immediately using cash, rather than by cheque, credit card, etc, especially when this is a way for the person being paid to avoid tax:
He makes at least £300 a week, cash in hand.
cash-in-hand jobs