Please suggest English translation for word cash account

cash account in English - https://www.khandbahale.com/language/english-dictionary-translation-meaning-of-cash%20account

I use khandbahale.com to translate Indian language word meaning. cash account in English Khandbahale Dictionary here is an url https://www.khandbahale.com/language/english-dictionary-translation-meaning-of-cash%20account

Translation of 'cash account' in English

1 results in 0.0053s.

cash account
⇄
cash account
1. an account of money received, paid, or on hand.
2. a specific amount of credit given by a bank, to a person or business on receipt of a bond for repayment on demand of the amount actually advanced.

Word 'cash account' in Other Languages

cash account Deals on Amazon

Cash Account - Dictionary Page

Cash Account

Part of Speech

Noun

Pronunciation

/kæʃ əˈkaʊnt/

Definitions

noun: An account that holds cash or cash equivalents, typically used to track money held by a financial institution for an individual or organization.
noun: A type of bank account where funds are readily available for withdrawal or payment.

Usage Examples

He transferred the funds to his cash account for safekeeping.
The company maintains a cash account for daily operations.
After receiving the salary, she deposited the money into her cash account.

Etymology

The term "cash account" comes from the combination of the word "cash," meaning money in the form of coins or banknotes, and "account," referring to a record of financial transactions. The term began being used in banking and financial contexts to describe an account primarily used to hold liquid assets.

Synonyms

Checking account
Demand deposit account
Current account
Liquid assets account

Antonyms

Savings account
Investment account
Term deposit

Translations

Language	Translation	Pronunciation
Spanish	Cuenta corriente	/kwen-tah koh-ree-en-teh/
French	Compte courant	/kohmpt koo-rahnt/
German	Girokonto	/geer-oh-kon-toh/
Italian	Conto corrente	/kon-toh kor-ren-teh/
Chinese (Mandarin)	活期账户	/huóqī zhànghù/

Regional Pronunciation Variations

In certain regions, the pronunciation of "cash account" may vary slightly, depending on the local accent or dialect. In American English, it may be pronounced with a distinct "a," whereas in British English, the "a" sound might be softer.

Historical Usage

The term "cash account" was first used in banking to distinguish accounts that held easily accessible funds from accounts with more restrictive terms. In earlier times, such accounts were seen as vital for conducting daily financial transactions and managing liquidity for businesses and individuals.

Cultural Nuances

Cash accounts are still heavily relied upon for daily financial activities, particularly in countries where electronic payment systems are less developed. In contrast, in more developed countries with advanced digital banking systems, there has been a shift toward electronic accounts that can be accessed via mobile apps or online banking platforms.

More Information

Cash accounts are often used by individuals for personal financial management and by businesses for handling daily expenses. They are typically low-interest accounts with easy access to funds. While some financial institutions offer cash accounts with limited interest rates, the primary appeal of such accounts is their liquidity and ease of use. In the digital age, the term is also expanding to include virtual cash accounts associated with mobile wallets and online banking services.

Though some people rely solely on cash accounts, they are usually considered less advantageous for long-term savings. For people seeking higher returns, savings accounts or investment accounts may be preferred. The rise of digital payments and cryptocurrency also challenges the role of traditional cash accounts in modern finance.