Cash Account for Dummies
noun
pronunciation: kæʃ_ə'kaʊntWhat does Cash Account really mean?
When you put money into a cash account, it stays there until you decide to take it out. You can use the money to buy things, pay bills, or save it for later. It's a really handy way to keep your money safe and organized.
Now, there's another meaning to cash account if you're talking about investing. In the world of finance, a cash account is a type of investment account where you can buy and sell stocks, bonds, and other things with the money you have in it. It's like having a special wallet just for investing, and it helps you keep track of all the things you own.
So, whether you're talking about a bank account or an investment account, a cash account is all about managing and using your money in a safe and organized way. It's pretty cool, right? I hope that makes sense!
Revised and Fact checked by Robert Jones on 2023-11-13 20:19:03
Cash Account In a sentece
Learn how to use Cash Account inside a sentece
- When you open a bank account and deposit money into it, you are creating a cash account.
- If you earn money from a part-time job and put it into a special savings account, that account is a cash account.
- When you use a debit card to make a purchase, the money comes out of your cash account.
- If you receive a gift of money and decide to keep it in a piggy bank, that is like having a cash account at home.
- When you withdraw money from an ATM, the money comes from your cash account.
Cash Account Antonyms
Words that have the opposite context of the original word.
Cash Account Hypernyms
Words that are more generic than the original word.
Cash Account Hyponyms
Words that are more specific than the original word.