What is "bank credit"

Cash \Cash\ (k[a^]sh), n. [F. caisse case, box, cash box, cash. See Case a box.] A place where money is kept, or where it is deposited and paid out; a money box. [Obs.] This bank is properly a general cash, where every man lodges his money. --Sir W. Temple. [pounds]20,000 are known to be in her cash. --Sir R. Winwood. 2. (Com.)

1. Ready money; especially, coin or specie; but also applied to bank notes, drafts, bonds, or any paper easily convertible into money.

2. Immediate or prompt payment in current funds; as, to sell goods for cash; to make a reduction in price for cash.

   Cash account (Bookkeeping), an account of money received, disbursed, and on hand.

   Cash boy, in large retail stores, a messenger who carries the money received by the salesman from customers to a cashier, and returns the proper change. [Colloq.]

   Cash credit, an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank to the extent of an amount agreed upon; -- called also bank credit and cash account.

   Cash sales, sales made for ready, money, in distinction from those on which credit is given; stocks sold, to be delivered on the day of transaction.

   Syn: Money; coin; specie; currency; capital.