Meaning of “cash account” in the English Dictionary

"cash account" in Business English

See all translations

cash accountnoun [ C ]

uk us

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:

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)