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English definition of “cash management account”

cash management account

noun [C]
 
 
( abbreviation CMA)
BANKING a type of bank account in which the bank manages its customers' money in order to make sure that as much profit as possible is made for the customer: We counted the range of investments each firm offered, including options, mutual funds, and cash management accounts.
(Definition of cash management account from the Cambridge Business English Dictionary © Cambridge University Press)
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