cash management

cash management definition - business

cash management

Administration of working capital in an attempt to maximize the return earned on current assets and minimize the cost of current liabilities. For example, the financial manager of a retailer might attempt to reduce the time it takes the firm to collect receivables.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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