cash payment

Currency changing hands

A cash payment is payment made with physical currency rather than by check, credit card, or electronic transfer.

The term emphasizes immediate, tangible exchange: The contractor offered a discount for cash payment.

In some contexts, cash payment implies off-the-books transactions to avoid taxes or documentation.

Opposites
payment method

cash paymentcredit card payment

Transaction using borrowed funds

credit · check payment · wire transfer · electronic payment · bank transfer

transaction timing

cash paymentdeferred payment

Buying before paying

credit · installment payment · buy now pay later · financing · installment plan

Family

cash, payment

Familiarity
Top 50,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G