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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Cash Account  

Definition 1.

A regular broker account in which the customer is required by Regulation T to pay for securities within two days after a purchase is made.
 

Definition 2.

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.
 
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