A brokerage account in which the customer is required by Regulation T to pay the full amount due by the settlement date for securities purchased; buying on margin and borrowed money are not permitted. also called special cash account. Some types of accounts, such as Individual Retirement Accounts and Custodian for Minor accounts, must be cash accounts.
Related information about cash account:
- Cash Account Definition | Investopedia
A regular brokerage account in which the customer is required by Regulation T to pay for securities within two days of when a purchase is made.
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- cash account - The Free Dictionary
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