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Definitions from WordNet

Definitions from the Web

Cash Account

Definition:

A cash account refers to a type of financial account where transactions are settled using readily available cash, such as money deposited in a bank account or physical currency.

Sense 1 - Popular:

In the popular sense, a cash account commonly refers to an individual's bank account used for day-to-day financial transactions.

For example: "She prefers to pay for her expenses using her cash account to better manage her finances."

Sense 2 - Popular:

In popular usage, a cash account can also refer to an investment account where trades are executed using only the funds present in the account.

For example: "John decided to open a cash account to invest in stocks without relying on borrowed money."

Sense 3 - Local:

In some regions, particularly local business settings, a cash account is used to keep track of transactions involving physical currency.

For example: "The small grocery store maintains a cash account to accurately record cash transactions with customers."

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