Define: Quasi-Cash Transaction

The meaning of “Quasi-Cash Transaction” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

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What is the most popular definition of 'Quasi-Cash Transaction'?

Quasi-Cash Transaction means a financial operation that transforms goods or services, readily exchangeable for cash, usually through [organization], including but not limited to purchasing casino chips, foreign currency, and lottery tickets. If the transformation process involves gambling, the transaction is still considered quasi-cash