cash account
noun [ C ]
ukus BANKING, FINANCE
an account that a customer has in which the whole amount owed for items bought must be paid for immediately:
With a cash account you are required to pay in full for the purchase of securities on or before the settlement date.
ACCOUNTING
the part of a set of accounts in which money received or spent in cash is recorded:
He asked to examine the cash accounts.
BANKING
a current account :
The rules for opening a cash account are simple.