The meaning and definition of Cash Account - A bro
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Posted On: 03/16/2013 12:07:11 AM
The meaning and definition of Cash Account -
A brokerage account in which securities purchases are paid in full within three business days after the trade is executed. By law, some types of accounts such as Individual Retirement Accounts and Custodian for Minor accounts must be cash accounts. See also: Margin Account.
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