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This originates from the days of the gold standard when "cash money" meant gold or silver, which holds intrinsic value as opposed to paper currency. By today's standards however It does not [necessarily] mean payment must be made in tangible form. [Generally] the term refers to the price paid up front for goods or services without any delays or caveats. A cash price is often less than the vendor's initial asking price in order to [facilitate] a quick sale.
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