cash business
No-cards-accepted enterprise
A cash business is one that conducts transactions primarily in physical currency rather than credit cards, checks, or electronic payments.
Restaurants, laundromats, and small retail shops are common examples.
The term often carries implications of tax evasion or money laundering, since cash transactions are harder to trace: The IRS flagged his cash business for audit.
- currencyMedium of exchange
- registerRecord officially; vocal range
- transactionExchange of goods/money
- paper trailDocumentary evidence chain
- storefrontRetail facade facing street
till · drawer · receipts · under-the-table · under the table · liquidity · vendor · merchant · hustle · side hustle · greenbacks · small bills · handshake · bodega · tips · untraceable · money laundering · float
- unregulatedderegulated, unrestricted, unmonitored, unsupervised, unchecked
- loan sharksloan shark, shylock, vig, vigorish, juice
- microeconomymicroenterprise, microfinance, microloan, micro loan, local market
- hidden incomeunreported income, undeclared, hidden income, off the books, under the table
cash businessmultinational corporation
Business operating in many countries
cash, business, cashed, cashing, cashes, cashless, cashier, businesses, businesslike