cash account Meaning in the Cambridge English Dictionary
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Meaning of “cash account” in the English Dictionary

"cash account" in Business English

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cash accountnoun [C]

uk   us  
BANKING, FINANCE an ​account that a ​customer has in which the whole ​amountowed for ​itemsbought must be ​paid for immediately: With a ​cashaccount you are ​required to ​pay in ​full for the ​purchase of securities on or before the ​settlementdate.
ACCOUNTING the ​part of a set of ​accounts in which ​money received or ​spent in cash is ​recorded: He ​asked to ​examine the ​cashaccounts.
BANKING a current account : The ​rules for ​opening a ​cashaccount are simple.
(Definition of cash account from the Cambridge Business English Dictionary © Cambridge University Press)
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