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Cash usually refers to money in the form of currency,
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easily converted to currency. "Cash pay" (as opposed to, e.g., stock options)
would almost always be in the form of a check or bank deposit — but the
employee can easily get cash per se from the bank.
As a verb, "to cash" an item (such as a check) denotes exchanging the item for
cash.
Cash and cash equivalents are the most liquid asset found within the asset
portion of a company's balance sheet. Cash "equivalents" are typically
comprised of assets that are readily convertible into cash such as money
market accounts, short-term government bonds and commercial paper.
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project or division, and that pro forma reporting is an attempt to mislead
investors by painting a rosy financial picture. Besides that, when discussing
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