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cash account

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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.

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Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Link To cash account

WordNet

cash account
noun
an account with a securities brokerage whose transactions are settled on a cash basis [ant: margin account]

WordNet® 3.0, © 2006 by Princeton University.
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