cash account - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “cash account”

cash account

noun [C]
 
 
BANKING, FINANCE an account that a customer has in which the whole amount owed for items bought must be paid for immediately: With a cash account you are required to pay in full for the purchase of securities on or before the settlement date.
ACCOUNTING the part of a set of accounts in which money received or spent in cash is recorded: He asked to examine the cash accounts.
BANKING a current account : The rules for opening a cash account are simple.
(Definition of cash account from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of cash account?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “cash account”

Word of the Day

cost/charge the earth

to cost, charge, etc. a lot of money

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

dumbwalking noun

April 20, 2015
walking slowly, without paying attention to the world around you because you are consulting a smartphone He told me dumbwalking probably wouldn’t be a long-term problem.

Read More