Definitions for "Cash account"
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.
The most common type of brokerage account, in which a customer may make only cash transactions.
An account in which all transactions must be fully paid.
Keywords:  rlca, reverse, jumbo, freedom, senior
A proprietary reverse mortgage loan offered by RLCA and available from Financial Freedom Senior Funding Corporation; the loan is designed for high-value homes
a jumbo reverse mortgage product that benefits homeowners living in higher-priced homes valued above the FHA and Fannie Mae lending limits.