From the context of non-public finance or banking, a "cash account" commonly refers to a simple examining or financial savings account where you deposit and withdraw cash in the shape of Bodily forex (income) or electronic transfers. This kind of account is utilized for day-to-working day transactions, for instance having to pay charges, building buys, or conserving dollars.
In the context of investing, as mentioned previously, a "income account" refers to a brokerage account in which transactions are settled on a hard cash basis, meaning you Day-Trading Risk Disclosure Statement are able to only trade with the money you've got deposited in to the account. This distinguishes it from a margin account, in which you can borrow cash from your broker to create trades.