The basis of stock valuations was no longer cash-in-hand on the part of shareholders, but audited statements mailed in to Washington.
In sectors like technology it can be even harder for private equity to compete, since valuations in some areas are sky-high and acquirers can use cash on hand and richly-valued stock to make deals.
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Kraft says it plans to use cash on hand and short-term borrowings to fund the purchase.
Despite this view, Buffett tends to keep a lot of cash and T-bills on hand.
Chevron has a strong balance sheet, with more cash on hand than long-term debt owed.
The truth of the matter is that, if the Soviets genuinely need and want American agricultural products grain, they have the hard currency on hand to pay cash-on-the-barrel for it.
Some corporations have cash on hand (see " Cash-Rich Companies"), some funds are just waiting for the right buying opportunities (see " Cash-Rich Mutual Funds") and many households are very liquid (see " Household Cash" table).
He said the company wants to "increase cash on hand" as it opens a number of 7-Eleven convenience stores, but declined to elaborate.
What police have seen, he said, is a change in the profile of victims as thieves become less likely to steal cash and more likely to steal phones which are "highly sellable on the second-hand market".
Thus, as an alternative, he is considering other options, such as by asking employees to contribute to the health-care plan the firm offers, leaving him with more cash on hand to pay the potentially higher tax obligation.
As I outline in an article in a recent issue of Forbes Magazine, holders of many states tobacco-backed bonds are worried about whether there will be enough cash on hand from the settlement to pay them out in full.
And if you take out the loans that Mitt Romney has made to his own campaign - he's a millionaire, he can do this - if you take out those loans, Romney's cash on hand would be only three and a quarter million, which puts him down near McCain territory without his own money to help him.
Wal-Mart is selling smaller packages of toilet paper because some shoppers do not have enough cash on hand to afford large packages, NYT reports.
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Before filling out the aid application, he should hand the cash over to you, since the effective tax rate on your assets is only one-fifth the rate on his.
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While there are still risks of a double-dip recession and a freezing up of the credit markets, UBS notes that companies have more cash on hand now than they did when the credit markets were shut in 2008 and early 2009.
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