CASH ACCOUNT • E-FREE TRANSLATION.COM • Definition of Cash account

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/kæʃ əkˈaʊnt/ Listen

Cash account

noun

An account with a securities brokerage whose transactions are settled on a cash basis.

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Etymology of 'Cash account'

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"Cash account" Quotes from Famous Books

... him into certainty was the paper which he found signed by himself, at the bank. He had forgotten all about signing the papers that night when Nelia had shown herself to be the gayest sport of them all. Now he found that he had signed away his stocks and bonds, and that he had given over his cash account. ...

— The River Prophet • Raymond S. Spears

... for the purchase of that very pretty villa and grounds just beyond the Willows, as its owner, Sir Edmund Wildacres had, by racing and other gambling proclivities, managed to run through and overdraw his cash account at his bankers, so that his landed property had to come to the hammer, and, the young spendthrift was about to retire to some cheap Continental watering place until some of his antiquated relatives should be condescending enough ...

— Vellenaux - A Novel • Edmund William Forrest

Words linked to "Cash account" : margin account, custodial account, brokerage account