system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: What exactly does "cash" mean?

For example when you win the lottery in all cash. Or on flipping house shows where they buy houses all cash. When i think cash i think of real physical cash.
gpt
>For example when you win the lottery in all cash

Lotteries generally have two ways you can accept your winnings.

1. An annuity for X years.  Basically, the lottery commission invests the money, and pays you a yearly amount that, when added up over X years, equals the size of the jackpot.

2. Cash.  You're not getting actual, physical notes and coins.  You're getting a check that you can deposit at the bank.  This amount is less than the total jackpot size, because they don't actually have the full amount of the jackpot, which is calculated based on what they can pay you over X years while investing the money.

>Or on flipping house shows where they buy houses all cash.

They write you a check.

In situations like these, "cash" means "you get all of the money right now in some form".