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cash account

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. 2014.
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Examples from the web for cash account
  • In a cash account, an investor must pay for the purchase of a security before selling it.
  • To record the establishment of or an increase in a treasury or treasury trust petty cash account.
  • Keep in mind that debits increase cash and credits reduce the cash balance in the escrow cash account.
  • If you purchase a security in a cash account, you must pay for it before you can sell it.
  • The cash distribution entry represents the actual cash payment and the reduction to the cash account.
  • If you return an item that you bought with your cash account, the amount of cash is refunded to you, not the account.
  • Since the cash account balance changes daily, it should not have been included.

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