cash account


A brokerage account in which the customer is required by Regulation T to pay the full amount due by the settlement date for securities purchased; buying on margin and borrowed money are not permitted. also called special cash account. Some types of accounts, such as Individual Retirement Accounts and Custodian for Minor accounts, must be cash accounts.

Use cash account in a sentence

You should always make sure that you pay off your cash account on time so that you can do future business.

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I did not have enough left in the cash account and that caused a lot of problems between me and everyone else.

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Janice wanted to invest more money than she could contribute to her IRAs, so she put it in a regular brokerage cash account.

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