cash account
noun[C]
ukusBANKING,FINANCE
anaccountthat acustomerhas in which thewholeamountowedforitemsboughtmust bepaidforimmediately:
With acashaccountyou arerequiredtopayinfullfor thepurchaseof securities on or before thesettlementdate.
ACCOUNTING
thepartof a set ofaccountsin whichmoneyreceivedorspentincashisrecorded:
Heaskedtoexaminethecashaccounts.
BANKING
acurrent account:
Therulesforopeningacashaccountaresimple.