this post was submitted on 27 Jul 2025
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[–] spankmonkey@lemmy.world 3 points 1 month ago (1 children)
[–] commie@lemmy.dbzer0.com -2 points 1 month ago (1 children)
[–] spankmonkey@lemmy.world 5 points 1 month ago (2 children)

Cash is cash, as in paper or coin money.

Checks are not cash, they are paper that represents money, generally issued by banks.

Checks are not cash.

[–] then_three_more@lemmy.world 1 points 1 month ago (1 children)

By that logic bank notes are not cash, only coins are cash.

Look at a bank note and read what it says: " I promise to pay the bearer on demand the sum of five/ten/twenty/fifty pounds" the the signature of the governer of the Bank of England (or whichever Scottish bank issued it). They're literally promissory notes in lieu of cash.

[–] spankmonkey@lemmy.world 2 points 1 month ago* (last edited 1 month ago) (1 children)

They’re literally promissory notes in lieu of cash.

Do you call your bank notes checks? I was explicitly disputing checks.

We have paper money that is cash. Sounds like you don't have that, but that doesn't mean checks are cash.

[–] then_three_more@lemmy.world 1 points 1 month ago (1 children)

No, they're notes. What I'm saying is your logic applies equally to bank notes as it does to cheques.

[–] spankmonkey@lemmy.world 2 points 1 month ago* (last edited 1 month ago)

They’re literally promissory notes in lieu of cash.

What you said literally means "instead of cash".

They’re literally promissory notes in lieu of cash.

They are NOT cash if they are something to exchange instead of cash. More likely you bank notes are considered cash, but your bank notes are also not checks. Because checks are not cash.

[–] commie@lemmy.dbzer0.com -3 points 1 month ago (1 children)

if you define cash to exclude any cash instruments except coins and bills, then I guess you are entitled to your own reality. for everyone else, checks will still be cash

[–] spankmonkey@lemmy.world 4 points 1 month ago* (last edited 1 month ago) (1 children)

You have that backwards.

Everyone except for you knows that checks aren't cash.