From the context of personal finance or banking, a "income account" commonly refers into a simple examining or personal savings account in which you deposit and withdraw money in the shape of Actual physical currency (funds) or Digital transfers. This kind of account is useful for day-to-day transactions, which include paying out payments, generating buys, or conserving income.
While in the context of investing, as pointed out earlier, a "cash account" refers to cash account a brokerage account in which transactions are settled on the funds basis, that means you can only trade Along with the funds you've deposited in to the account. This distinguishes it from a margin account, in which you can borrow funds within the broker for making trades.