special cash account(redirected from Special Cash Accounts)
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
See 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.