cash management account

cash management account definition - finance
An account that is offered to consumers by a brokerage firm. A cash management account combines the ability to trade securities while earning money market interest with the ability to write checks and make deposits. A CMA often requires a minimum initial deposit amount.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.