A type of brokerage account which requires that transactions must be settled in full (no margin or borrowed monies) by the settlement date. Some types of accounts such as Individual Retirement Accounts and Custodian for Minor accounts must be cash accounts.
An investment account that requires all securities purchased be paid for in full, unlike a margin account.
A non-margin brokerage account. A cash accounts wields buying power equal to the face value of its cash balance.
An account in which the customer is required by the SEC's Regulation T to pay in full for securities purchased not later than two days after the standard payment period set by the NASD's Uniform Practice Code.
the EBT account established by the Department into which funds are deposited for the purpose of providing assistance payments to individuals eligible for any of the Department's financial assistance programs.
an account with a securities brokerage whose transactions are settled on a cash basis
an American Express Bank, FSB account the deposits of which are insured by the FDIC
an authorization file maintained by the Colorado Department of Human Services on behalf of a cardholder from which withdrawal of cash benefits and purchase transactions are authorized
a savings account at American Express Bank
Account in which a client is required to pay in full for securities purchased not later than the 7th business day from the trade date.
An account in which a client pays in full for securities purchased.
A brokerage account in which you pay immediately for the securities you purchase (typically within five days).
A brokerage account that settles transactions on a cash-rather than credit-basis.
A type of account with a brokerage firm that requires that all transactions must be settled in full, with no borrowing or margin, by the settlement date for the transaction. Specific accounts that are required to be Cash Accounts include Individual Retirement Accounts (IRAs).
A brokerage account that requires the customer to pay the full amount due by the settlement date for securities purchased.
An account in which the customer is required to pay in full for all purchased securities.
A type of brokerage account that requires you pay for trades in full by the settlement date. Some customers have both Cash and Margin Accounts. By law, Individual Retirement Accounts and Custodial Accounts for minors must be cash accounts.
A brokerage account that settles transactions on a cash basis with no opportunity for the account holder to use credit (margin). See also: Margin account.
A type of account with a broker-dealer in which the customer agrees to pay the full amount due for the purchase of securities within a short period of time, usually five business days.
the most basic type of brokerage account a client can open. As the name implies, a cash account allows the client to make transactions using cash, not loans (which would require a margin account).
A customer account in which all securities purchased must be paid for in full. Read about Trading Restrictions in Cash Accounts.
Orders placed in a cash account are settled on a cash basis, meaning that cleared funds must be in the account within three (3) business days to cover purchases.
a brokerage account that allows transactions using cash, as opposed to a margin account, which allows transactions using loans
A brokerage account in which the client pays in full for any purchases. In contrast, in a margin account the broker extends the client credit. Many brokerage clients have both cash and margin accounts. Custodial accounts may not have a margin account. See: Custodial Account; Margin Account
An account or authorization file maintained by an Issuer that represents prefunded or day-of-draw benefits, or both, administered by one or more Government Entities, and for which the Issuer has agreed to provide access under these Rules. Multiple benefits may be combined in a single Cash Account.
A type of brokerage account where a customer agrees to pay the broker-dealer the full amount of the purchase by the settlement date.
The general ledger account Cash that reports currency, coins, undeposited checks, and the checking accounts of a company. (Could also be a reference to a customer required to pay cash for purchases.) To Top