Focus on the pronunciation of cash account
English definition of “cash account”
› 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.