cash account

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.

Example Sentences

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

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

You have less to keep track of by keeping your cash accounts and your investment accounts at the same place.

From Seattle Times