Vault cash

Definition:

Cash kept on hand in a depository institution's vault to meet day-to-day business needs, such as cashing checks for customers; can be counted as a portion of the institution's required reserves.

Nearby Terms

VAT VAT (2) Vault cash VC VCT

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Nonrecourse

In the case of default, the lender has no ability to claim assets over and above what the limited partners contributed.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio