In the context of private finance or banking, a "funds account" generally refers into a basic checking or savings account where you deposit and withdraw resources in the shape of physical currency (hard cash) or electronic transfers. This sort of account is useful for working day-to-day transactions, which include having to pay costs, producing buys, or saving dollars.
In the context of investing, as pointed out previously, a "hard cash account" refers into a brokerage account wherever transactions are settled with a FINRA rules cash basis, which means you can only trade With all the funds you have got deposited into your account. This distinguishes it from the margin account, in which you can borrow resources within the broker to produce trades.