Quotes of the day:
A bad man, though raised to honour, always returns to his natural course, as a dog?s tail, though warmed by the fire and rubbed with oil, retains its form
Unrestricted cash refers to monetary reserves that are not tied to a particular use. Unrestricted cash can be used for any purpose since it is not earmarked for a specific use and is extremely liquid. Often, in order to satisfy debt covenants, firms will have to maintain a certain level of cash on their balance sheets — the amount that exceeds the requirements is referred to as unrestricted cash.