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The Collaborative International Dictionary
cash account

Cash \Cash\ (k[a^]sh), n. [F. caisse case, box, cash box, cash. See Case a box.] A place where money is kept, or where it is deposited and paid out; a money box. [Obs.] This bank is properly a general cash, where every man lodges his money. --Sir W. Temple. [pounds]20,000 are known to be in her cash. --Sir R. Winwood. 2. (Com.)

  1. Ready money; especially, coin or specie; but also applied to bank notes, drafts, bonds, or any paper easily convertible into money.

  2. Immediate or prompt payment in current funds; as, to sell goods for cash; to make a reduction in price for cash.

    Cash account (Bookkeeping), an account of money received, disbursed, and on hand.

    Cash boy, in large retail stores, a messenger who carries the money received by the salesman from customers to a cashier, and returns the proper change. [Colloq.]

    Cash credit, an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank to the extent of an amount agreed upon; -- called also bank credit and cash account.

    Cash sales, sales made for ready, money, in distinction from those on which credit is given; stocks sold, to be delivered on the day of transaction.

    Syn: Money; coin; specie; currency; capital.

cash account

n. an account with a securities brokerage whose transactions are settled on a cash basis [ant: margin account]

Cash account

A '''cash account is an account you have with a brokerage firm, in which you deposit cash to buy stocks, bonds and other securities

Usage examples of "cash account".

It had also made his cash account yen-heavy in the face of international obligations.

He was holding the payment in a special cash account, and when the debentures would arrive, Gary would grab them and deliver them to the brokerage house for proper transfer to the new buyer, and they would be paid for out of the cash account.

The best arrangement is the pay phone and a petty cash account, locked up with the stamps, and for which the office girl is responsible.

He then returned to the complicated business of working out the petty cash account.

I can buy you and sell you without straining my petty cash account.

I even closed out the petty cash account last Thursday afternoon so I could finish making up the staff's pay envelopes.

I had the meal debited from my petty cash account, then left the restaurant and slid back to the office, my excitement mounting as I neared the Braxton Building.