The term "ready money" refers to cash that is readily available for use. The spelling of this term is fairly straightforward and does not have many irregularities when broken down phonetically. It is pronounced as /ˈrɛdi ˈmʌni/. The initial "r" is pronounced, followed by a short "e" sound and the "d" sound. The second syllable has a short "i" sound and the stress falls on the first syllable. The word "money" is pronounced with a short "u" sound and stressed on the second syllable.
Ready money refers to cash or any form of currency that is immediately accessible for use in financial transactions. It is characterized by its liquidity, meaning it is readily available for immediate payment or exchange without the need for credit or further processing.
Ready money is generally accepted as a medium of exchange and can be used to purchase goods and services in various transactions. Unlike other forms of payment such as checks or credit cards, ready money does not require verification or approval from a financial institution or third party. This makes it a convenient and efficient means of carrying out small-scale transactions or acquiring essential items in situations where immediate payment is required.
The term "ready money" is often used interchangeably with the term "cash," but it can also include other forms of instantly accessible funds such as traveler's checks or prepaid debit cards. It is an essential component of daily economic transactions and a useful tool for individuals, businesses, and organizations to engage in commerce.
In summary, ready money refers to immediately available funds that can be used as a medium of exchange without the need for credit or approval. It plays a significant role in facilitating everyday transactions and ensures quick, hassle-free payments.
Cash; means of immediate payment; not credit.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The term "ready money" comes from Old English and Middle English origins. The word "ready" has its roots in Old English "ræde", meaning "prepared" or "prompt". It evolved into Middle English "redy" with the same meaning. The word "money" traces back to Middle English "moneie", derived from Old French "monoie" and Latin "moneta", meaning "coin" or "money". Therefore, "ready money" essentially refers to currency or cash that is readily available or easily accessible for immediate use.