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cash account

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cash account

 
Use cash account in a Sentence
–noun
1. an account in which all transactions are in money.
2. Finance. an account in which purchases are paid for in full, as distinguished from purchasing on credit or margin.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To cash account
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Cash Wired to Your Bank in 1 Hour Apply, E-Sign, and Get Cash Today
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Earn up to $10K/mo or more broker- ing discounted cash flows. Visit:
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Financial Dictionary

Cash Account

A regular broker account in which the customer is required by Regulation T to pay for securities within two days after a purchase is made.

Investopedia Commentary

This is the basic, plain vanilla account where you deposit cash to buy stocks, bonds, mutual funds, etc.

Related Links

Brokers and Online Trading

See also: Cash, Margin account, Regulation T

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

cash account

A brokerage account requiring that cash payments on purchases and deliveries on sales be made promptly. (Settlement is officially five business days after the transaction date.) The cash account is the most popular type of brokerage account even though it does not permit investor borrowing (that is, buying on margin). Compare margin account. Also called special cash account.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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