| 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. |
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
cash account