While in the context of personal finance or banking, a "hard cash account" generally refers to a standard examining or discounts account in which you deposit and withdraw resources in the shape of Actual physical forex (cash) or electronic transfers. This kind of account is employed for day-to-day transactions, for instance paying expenses, producing purchases, or saving money.
Within the context of investing, as pointed out earlier, a "money account" refers to some brokerage account the place transactions are settled on the money foundation, this means you can only trade Using the money you've deposited into the account. This distinguishes it from the margin cash account account, in which you can borrow cash through the broker for making trades.