Refers to easily accessible money you can spend right away, without going to a bank. Can you buy lunch? I don't have any cash in hand.
Pro Tip 2/3
Informal Spending
Often used for casual, everyday expenses rather than big purchases or formal transactions. She prefers having cash in hand for quick snacks while shopping.
Pro Tip 3/3
Not Banking
Unlike bank funds, it doesn't earn interest but is readily available for small transactions. He keeps cash in hand for when his grandchildren visit.