Learn English – word that means “this deal will not involve credit”

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I was buying a car, and the salesman started to talk about credit terms. I responded with "I'm paying cash", meaning that I didn't need any credit. However, the salesman was worried that I was about to produce a briefcase full of banknotes.

Is there a word other than "cash" to mean "immediate payment in full, without any credit being extended"?

Best Answer

The word cash itself suffices; however, this may cause ambiguity (as in your example) due to the widely accepted meaning of cash to mean hard cash.

From ODO:

cash NOUN

[MASS NOUN] 1 Money in coins or notes, as distinct from cheques, money orders, or credit: the staff were paid in cash a discount for cash

1.1 Money in any form: she was always short of cash

hard cash NOUN

[MASS NOUN] Negotiable coins and banknotes as opposed to other forms of payment: hard cash may soon be back in fashion

More example sentences

In an uncertain world, many investors look to dividends - payouts in hard cash - to justify their decision to hold shares.

I guess I never treated the credit card as hard cash and therefore I found it easier to justify and carry on spending.

This will be credited as my investment in the company as opposed to putting in hard cash into Bordier [Bank].

If a phrase is acceptable, you may say (if at all required) that it's cash but not hard cash.

Also, cash down may fit the bill.

From ODO:

cash down

British With immediate and full payment at the time of purchase: the price was £900 cash down

More example sentences

But City said it would have to be cash down or nothing.

‘No one is walking in and putting cash down on new cars,’ said Pat Shanahan, owner of Isuzu dealership Airport Auto.

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