Reply to post: Re: "Has whoever sold the domain actually got the money?"

A $4bn biz without a live product just broke the record for the amount paid for a domain name. WTF is going on?

DougS Silver badge

Re: "Has whoever sold the domain actually got the money?"

"Cash" when used in the business world in the US means currency. Doesn't have to be paper currency, it could be a bank transfer or cashier's check. They basically mean anything that immediately changes your bank balance, as opposed to paying in other instruments that may have strings attached or not be easily fungible like stock, bonds, real estate, etc.

When dealing with real estate, sometimes you'll have buyers making an "all cash offer". That means they won't be taking out a mortgage and have enough to fund the entire purchase price themselves, not that they will show up at the closing with a suitcase stuffed with $100 bills.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

SUBSCRIBE TO OUR WEEKLY TECH NEWSLETTER

Biting the hand that feeds IT © 1998–2019