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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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