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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.
The English word cash is rooted from the Tamil / Malayalam (Two South Indian Dravidian Languages) word 'kasa' meaning money.
In Southern India the word 'Kasa' is still used by the natives in their local language to represent the current currency (i.e. The history of usage is not clear however, available documents point to the fact that the same word was in usage for over a thousand years far before the arrival of outsiders including Arabs and Europeans in the continent.
Later traders of Persian Arab and European origins who started trading (Spice trade) with the Southern India Princely Kingdoms used the modified version of the word.
started and employed the modified usage of the word during the reign of Cyrus II followed by the establishment of the “formal” banking system and around the same time of the establishment of the credit and checking unions during the reign of Darius I who also minted the first face-coins.
This form along with this meaning entered into Latin giving forms such as capsa “money box” (cf. Kshatrapavan = Satrap “an ancient Persian commercial and state confinement”) and case eventually passing into Middle French as caisse meaning “money in hand, coin.” 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.