Proof of Cash definition

lawinsider.com/dictionary/proof-of-cash

Proof of Cash means a procedure much like a bank reconciliation, except more extensive
and detailed. It is used to verify the "books of the entity" are in agreement with the cash
transactions which have been recorded by the bank. The form is available on the
Department of Audit, Public Funds website. This procedure shall be performed by an
independent party.
Sample 1

Examples of Proof of Cash in a sentence

Buyer shall provide Proof of Cash to Seller in the event 5% (five percent) or more of the
purchase price is to be paid in cash.

Proof of Cash" means a procedure much like a bank reconciliation, except more extensive
and detailed.

Document the check number that is involved.FINANCIAL REPORTING School

ReportingEach school must submit a copy of its bank reconciliation (Proof of Cash), bank
statement, deposits in transit listing and outstanding checks listing to Auditing by the 15th of
each month for the preceding month.

Please note, a Proof of Cash worksheet is available on the Department’s website.

Proof of Cash, 6/30/2014 May 31,ReceiptDisbursementJune 30,Unadjusted balances per

bank statement1,836,0002,496,0001,224,0003,108,000Deposit in transit,
May480,000(480,000) Deposit in transit, June (SQUEEZE) 4.

Liquid wealth is the wealth of the household, excluding illiquid human capital (the expected
discounted value of future wages and pension income).

Proof of Cash, December 31, 2014 November 30.ReceiptDisbursementDecember

31,Unadjusted balances per bank statement685,180308,120356,080637,220 2.

Principal/Athletic DirectorThe principal, athletic director, or authorized administrator shall be

responsible for the approval of the Budget Proposals Part 1 and 2, Sponsor Agreement
Form, Sales Project Activity Application, Proof of Cash, Inventory Record, approval of
requisitions, and any other duties as assigned by the Superintendent of the school district.

Results/Analysis for Procedure 2 – Proof of Cash Statement: We were unable to complete

this procedure because Vare’s accounting records for its Advisory Council bank account did
not contain sufficient information to enable reconciliation of those records to the bank

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statements.

C.Check number 3408440 Check number 34182,814Check number 34195,788Outstanding

checks, December 31,9,042 Proof of Cash, December 31, 2014 November 30.Receipt
Disbursement December 31,Unadjusted balances per bank
statement24,298373,502380,28417,516Deposit in transit, November3,648(3,648) Deposit in
transit, December 5,912 5,912Outstanding checks, November(11,214) (11,214) Outstanding
checks, September 9,042(9,042)Bank error, Dec.

Related to Proof of Cash

Proof of age means a driver license, license for identification only, or other generally
accepted means of identification that describes the individual as eighteen (18) years of age
or older and contains a photograph or other likeness of the individual and appears on its face
to be valid;
Proof of Claim means a proof of Claim Filed against any of the Debtors in the Chapter 11
Cases.
Proof of Interest means a proof of Interest Filed against any of the Debtors in the Chapter 11
Cases.
Proof of Concept means, with respect to any product, the demonstration of the reasonable
technical and commercial efficacy and feasibility of such product for its intended application.
Proof of Loss means satisfactory written proof that a loss occurred for which the Group
Policy provides benefits, which is not subject to any exclusion, and which meets all other
conditions for benefits. Proof of Loss includes any other information We may reasonably
require in support of a claim for benefits under the Group Policy.
Administrative Claims means Claims that have been timely filed before the Administrative
Bar Date, pursuant to the deadline and procedure set forth herein (except as otherwise
provided herein or by a separate order of the Bankruptcy Court), for costs and expenses of
administration under Sections 503(b), 507(b) or 1114(e)(2) of the Bankruptcy Code,
including, without limitation: (a) the actual and necessary costs and expenses incurred after
the Petition Date and prior to the Effective Date of preserving the Estates and operating the
businesses of the Debtors and Reorganized Debtors (such as wages, salaries or
commissions for services and payments for goods and other services); and (b) all fees and
charges assessed against the Estates under 28 U.S.C. §1930; provided, however, that the
U.S. Trustee shall not be required to file a request for payment of fees and charges assessed
against the Estates under 28 U.S.C. § 1930 before the Administrative Bar Date; provided,
further, that all requests of Governmental Units for payment of Administrative Tax Claims
shall not be subject to the Administrative Bar Date. As used herein, the term “Administrative
Claims” shall exclude Professional Compensation Claims.
Administrative Claim means a Claim for costs and expenses of administration of the Debtors’
Estates pursuant to sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code,
including: (a) the actual and necessary costs and expenses incurred after the Petition Date
and through the Effective Date of preserving the Estates and operating the businesses of the

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Debtors; (b) Allowed Professional Fee Claims; and (c) all Allowed requests for compensation
or expense reimbursement for making a substantial contribution in the Chapter 11 Cases
pursuant to sections 503(b)(3), (4), and (5) of the Bankruptcy Code.
Bank Product Reserve means, as of any date of determination, the amount of reserves that
Agent has established (based upon the Bank Product Providers’ reasonable determination of
the credit exposure of Borrower and its Subsidiaries in respect of Bank Products) in respect
of Bank Products then provided or outstanding.
Administrative Claim Bar Date means the deadline for filing requests for payment of
Administrative Claims, which shall be 30 days after the Effective Date.
Administrative Claims Bar Date means the deadline for Filing requests for payment of
Administrative Claims, which: (a) with respect to Administrative Claims other than
Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to
Professional Fee Claims, shall be 45 days after the Effective Date.
DRS/Profile means the system for the uncertificated registration of ownership of securities
pursuant to which ownership of ADSs is maintained on the books of the Depositary without
the issuance of a physical certificate and transfer instructions may be given to allow for the
automated transfer of ownership between the books of DTC and the Depositary. Ownership
of ADSs held in DRS/Profile is evidenced by periodic statements issued by the Depositary to
the Holders entitled thereto.
Bank Product Reserves means such reserves as the Agent from time to time determines in
its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the
Loan Parties with respect to Bank Products then provided or outstanding.
Disputed Claims Reserve means a reserve of Cash that may be funded on or after the
Effective Date pursuant to Article VII.E hereof.
Allowed Administrative Claim means all or that portion of an Administrative Claim which is an
Allowed Claim.
Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust
Assets of the Partnership, identified as the "PLM Equipment Growth Fund II Liquidating
Trust"; also referred to herein as the "Trust."
Interim Accounts means the unaudited consolidated quarterly financial statements of the
Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31
December in each year, prepared in accordance with GAAP.
Administrative hearing means a type of hearing that an appellant may elect in which the
presiding officer reviews the written record only and makes a decision based on the facts
available within the appeal file. An administrative hearing does not require an in-person or
teleconference hearing. The final determination to establish whether an administrative
hearing may be held will be made by the appeals section or the presiding officer.
proof of B-BBEE status level of contributor means:B-BBEE Status level certificate issued by
an authorized body or person;A sworn affidavit as prescribed by the B-BBEE Codes of Good
Practice;Any other requirement prescribed in terms of the B-BBEE Act;
Surplus Cash means any cash remaining after:

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Disputed Claim means any Claim, proof of which was timely and properly filed, and (a) which
is listed on the Schedules as unliquidated, disputed, or contingent, and which has not been
resolved by written agreement between the Debtors and the Claimant or by an order of the
Bankruptcy Court, (b) which is subject to a dispute to the extent that the Debtors or the
Reorganized Debtors have asserted a claim against the holder of the Disputed Claim, or (c)
as to which the Debtors have interposed a timely objection or request for estimation in
accordance with the Bankruptcy Code and the Bankruptcy Rules, which objection or request
for estimation has not been withdrawn or determined by a Final Order. Prior to the filing of an
objection to a Claim, or the expiration of the time within which to object to such Claim set
forth in the Plan or otherwise established by order of the Bankruptcy Court, for purposes of
the Plan, a Claim shall be considered a Disputed Claim if (x) the amount of the Claim
specified in the proof of Claim exceeds the amount of the Claim scheduled by the Debtors as
other than disputed, contingent or unliquidated, or (y) the Claim is not listed on the
Schedules.
Deferral Account means (i) the sum of all of a Participant's Annual Deferral Amounts, plus (ii)
amounts credited in accordance with all the applicable crediting provisions of this Plan that
relate to the Participant's Deferral Account, less (iii) all distributions made to the Participant
or his or her Beneficiary pursuant to this Plan that relate to his or her Deferral Account.
Proof of Purchase means a Tax Invoice or Receipt in respect of the Product. In the case of
new constructions, a Certificate of Occupancy or a Certificate of Compliance that details the
date of installation or commissioning will suffice.
Class A Cash Collateral Account means an Eligible Deposit Account in the name of the
Subordination Agent maintained at an Eligible Institution, which shall be the Subordination
Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility
pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.
self-liquidating paper means any draft, bill of exchange, acceptance or obligation which is
made, drawn, negotiated or incurred by the Company for the purpose of financing the
purchase, processing, manufacturing, shipment, storage or sale of goods, wares or
merchandise and which is secured by documents evidencing title to, possession of, or a lien
upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale
of the goods, wares or merchandise previously constituting the security, provided the security
is received by the Trustee simultaneously with the creation of the creditor relationship with
the Company arising from the making, drawing, negotiating or incurring of the draft, bill of
exchange, acceptance or obligation.
Management Accounts means the periodic management accounts which cover the relevant
Quarter;
sound recording means a work that results from the fixation, on or in a recording medium or
other material object, of a series of musical, spoken, or other sounds regardless of the nature
of the medium or object, such as a disk, tape, or other phono record, in which the sounds are
recorded.

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