cash account

American  

noun

1. an account in which all transactions are in money.

2. Finance. an account in which purchases are paid for in full, as distinguished from purchasing on credit or margin.

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Example Sentences

Their cash accounts, credit cards and brokerage accounts are all jointly held, but they keep separate retirement accounts.

From MarketWatch

When interest payments on those loans arrive in a given month or quarter, accounting rules dictate that the asset value of the accrued investment income should decrease and the insurer’s cash account should increase.

From The Wall Street Journal

The 2016 investigation trawled 17 years of records to find out how often, and why, cash accounts on the Horizon IT system had been tampered with remotely.

From BBC

"Forty percent of German household assets are sitting in cash accounts, you have the big pension funds and institutional asset managers," he said.

From Reuters

The Treasury Department said on Wednesday that it hoped to borrow enough to rebuild its cash account to $425 billion by the end of June.

From New York Times