What is "cash and carry"

n. 1 A means by which someone pays for an item (i.e., does not purchase it on credit) and takes it (i.e., does not await delivery). 2 (context finance English) A means by which someone purchases something and sells a future or forward based on it.

Cash and carry may refer to:

• Cash and Carry (TV series), the first network-televised game show
• Cash and carry (World War II), a revision of the Neutrality Acts, designed to aid the British
• Cash and carry (wholesale), a type of sales operation within the wholesale sector
• Cash and Carry (film), a 1937 Three Stooges short film
• Cash & Carry, the United States grocery chain
• Kash n' Karry, the United States supermarket chain
• Basis trading, a form of arbitrage in which securities are bought in the cash market and a short in a forward contract
• An episode of the animated TV-series Garfield and Friends

Cash and Carry (1937) is the 25th short film released by Columbia Pictures starring American slapstick comedy team The Three Stooges ( Moe Howard, Larry Fine and Curly Howard). The comedians released 190 short films for the studio between 1934 and 1959.

Cash and Carry is an American television game show hosted by Dennis James that ran on the then-both affiliates of the DuMont Television Network from June 20, 1946 to July 1, 1947. This made it not only the sole program aired on Thursday nights by the network, but also the first "network" television game show (all previous television games and quizzes were aired on only one station).

This series was sponsored by Libby's Foods, and produced by Art Stark, later producer of The Tonight Show Starring Johnny Carson from 1962 to 1969. The show was set in a supermarket, with contestants taking cans off the shelf which had questions for the contestant to answer.

Cash and carry was a policy requested by US President Franklin Delano Roosevelt at a special session of the United States Congress on September 21, 1939, subsequent to the outbreak of war in Europe. It replaced the Neutrality Acts of 1936. The revision allowed the sale of materiel to belligerents, as long as the recipients arranged for the transport using their own ships and paid immediately in cash, assuming all risk in transportation. However, the sale of war materials was not allowed.

Though "cash and carry" concepts had been introduced in the Neutrality Act of 1936, it only pertained to materiels that could not be used in war efforts, which allowed them to aid warring countries. Originally presented to Congress by Senator Key Pittman (D-NV) earlier in 1939, the bill was designed to replace the Neutrality Act of 1937, which had lapsed in May 1939. The bill had been defeated repeatedly by the Senate and the House on more than one occasion as Isolationists feared that passing the bill would draw the US into the conflict in Europe. However, President Roosevelt felt that further help was needed in Europe after Germany invaded Poland in September 1939. The bill passed in late October, gaining approval from the House on November 5, 1939. The President gave his signature the same day.

The purpose of this policy was to maintain neutrality between the United States and European countries while giving aid to Britain by allowing them to buy non war materials. Various policies, such as the Neutrality Acts of 1935, 1936, and 1937, forbade selling implements of war or lending money to belligerent countries under any terms. The U.S. economy was rebounding at this time, following the Great Depression, but there was still a need for industrial manufacturing jobs. The cash and carry program helped to solve this issue and in turn Great Britain benefited from the purchase goods.

This program also prevented US businesses interests backing the success or failure of any warring nation. Because of the conclusion of the Nye Committee, which asserted that United States involvement in World War I was driven by private interests from arms manufacturers, many Americans believed that investment in a belligerent would eventually lead to American participation in war.

U.S. shipping interests were forbidden from entering into conflict zones and US passengers traveling on foreign ships did so at their own risk.

The "cash and carry" legislation enacted in 1939 effectively ended the arms embargo that had been in place since the Neutrality Act of 1936. It paved the way for Lend-Lease.

Cash and carry wholesale represents a type of operation within the wholesale sector. Its main features are summarized best by the following definitions:

• Cash and carry is a form of trade in which goods are sold from a wholesale warehouse operated either on a self-service basis, or on the basis of samples (with the customer selecting from specimen articles using a manual or computerised ordering system but not serving himself) or a combination of the three.
• Customers (retailers, professional users, caterers, institutional buyers, etc.) settle the invoice on the spot in cash, and carry the goods away themselves.
• There are significant differences between "classical" sales at the wholesale stage and the cash and carry wholesaler: namely cash and carry customers arrange the transport of the goods themselves and pay for the goods in cash, and not on credit.

Though wholesalers buy primarily from manufacturers and sell mostly to retailers, industrial users and other wholesalers, they also perform many value added functions. The wholesaler, an intermediary, is used based on principles of specialisation and division of labour as well as contractual efficiency.

In a retail context, the term has a similar meaning: customers pay cash for the goods they purchase (the retailer does not offer credit accounts) and carry them away themselves (the retailer does not offer delivery service).

The first textbook on wholesaling - Wholesaling Principles and Practice (1937) by Beckman and Engle notes that the "During the era of rapid change in the field of wholesaling which began in the middle of the (nineteen)twenties, the cash and carry wholesale house was ushered in."

Lawrence Batley is widely accredited as the originator of the concept in the UK. However, research on the evolution of grocery wholesaling in the UK by Dr Jim Quinn at Trinity College Dublin notes that the first report of a UK cash and carry was in June 1957 when The Grocer announced that a cash and carry warehouse had been opened in Ramsgate by Vye & Son a subsidiary of the Home & Colonial Group. The new service was called Wiseway and a range of own brands was being developed. In April 1958 L. Batley & Co. of Huddersfield opened a large 30,000 sq. ft. modern Cash & Carry warehouse by far the biggest of its kind to date.