Cash Account

Chambers's Encyclopaedia, Volume 2: Beaugency to Cataract, p. 806

Cash Account, or CASH CREDIT, a form of account with a bank, by which a person is entitled to draw out sums as required by way of loan to a stipulated amount. The practice began about 1729 in Scotland, with the banks of which country it is still peculiarly identified. See BANKING, Vol. I. page 713; also MARGINAL CREDITS.

Source scan(s): p. 0823