In the context of personal finance or banking, a "dollars account" commonly refers to your fundamental examining or personal savings account where you deposit and withdraw funds in the shape of physical currency (funds) or Digital transfers. This kind of account is employed for day-to-day transactions, including paying out charges, generating purchases, or saving money.
In the context of investing, as outlined previously, a "income account" refers to some brokerage account exactly where transactions are settled with a hard cash foundation, indicating you can cash account only trade with the income you might have deposited into your account. This distinguishes it from the margin account, in which you can borrow resources from the broker to create trades.