Definition, Meaning & Synonyms

hoard-cash

Noun

/hɔːrd kæʃ/

Definition

Hoard cash refers to the act of accumulating and storing money rather than spending or investing it. This practice often stems from a fear of future financial instability or uncertainty.

Examples

During the economic downturn, many people chose to hoard cash to feel more secure.
He decided to hoard cash instead of investing in the volatile stock market.
Some individuals have a tendency to hoard cash due to their upbringing during tough financial times.

Meaning

The term implies a cautious and sometimes excessive approach to financial management, where individuals prefer to keep their cash reserves rather than risk them in investments or expenditures.