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

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 • Jun. 7, 2023

The statement assured community members that no elected officials have access to the city’s cash account and that the spending of taxpayer dollars goes through a “robust, multi-layered approval process.”

From Washington Post • Aug. 30, 2022

“That means you’ll have one app on your phone instead of a few and will be seamlessly able to monitor your cash account and your brokerage account all in one spot,” Bourne says.

From Seattle Times • Dec. 1, 2021

Last month, Pentagon press secretary Peter Cook said that, under a flexible cash account known as the Commander’s Emergency Response Program, U.S.

From Washington Times • Nov. 8, 2015

"We'll pay in advance," he said, as he counted out the required amount, thereby reducing his cash account to an exceedingly small margin.

From An Amateur Fireman by Otis, James