Target cash balance
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Target cash balance is the desired cash balance that a firm plans to maintain in order to conduct business.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Target cash balance. The desired cash balance that a firm plans to maintain in order to conduct business.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
