special cash account

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Special Cash Account

A brokerage account in which the customer must pay the full amount for securities purchased by an agreed upon date, often within two days of the purchase. Customers are not allowed to borrow in order to pay off the account. Special cash accounts in the United States are governed by Regulation T and are the most basic kind of investment account. Examples of special cash accounts include Individual Retirement Accounts (IRAs) and trusts for minor children.
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special cash account

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Here was the cash account, showing how the money had been spent.
Councillors on the finance committee will look at rule changes that will reduce the amount of petty cash accounts to one per council building across Conwy.
| Instant access cash accounts AROUND 80% of people haven't moved their instant access cash account for three years, leaving their savings to lose value once inflation is taken into account.
| Instant access cash accounts - Around 80% of people haven't moved their instant access cash account for three years, leaving their hard-earned savings to lose value once inflation is taken into account.
While the tendency to use personal retirement insurance (BES) and cash accounts increased their shares among all saving tools, time deposit cash accounts was the most preferred tool.
These are traditional cash accounts and, within limits, are backed by the FDIC.
Last year more than 100,000 Brits had their personal details stolen by crooks who helped themselves to cash accounts, took out massive loans and racked up bills on shopping sprees using cloned credit cards.
"Cash accounts are safe and simple and an ideal home for a child's future next egg if parents feel uncomfortable investing in volatile stock markets," he says.
Finally, for parents who don't want to take any risks, there are Child Trust Fund cash accounts, but these are likely to provide lower returns over the long term than share-based accounts.
Financial executives often consider liquidity as a major investment objective for their excess cash accounts. Few, however, have a firm grasp of what liquidity means beyond daily access to a money market fund.