if a contract [for the sale of goods] does not specify the manner of payment, then the law requires that the purchase price be paid in cash. Under the CASH SALE DOCTRINE, a seller – who sells to a middleman under “cash sale” terms – has priority over other secured creditors [to that middleman’s assets] if that middleman goes bankrupt.
Congratulations! You're now Froogled Up™ on what "Cash Sale" means!
Feel free to use it throughout your financial/insurance life.
