account owner
1Account owner bank — An ISO term. A bank for which an account is serviced at another bank (account servicing bank) …
2Reference for the account owner bank — An ISO term. The reference which identifies the transaction to the account owner bank. 16x …
3Account identification — ■ An ISO term. A series of characters used to identify a customer account or relationship. 28x. The remitting financial institution s account serviced by the receiving bank. 2*35x. The identification assigned by the account servicing bank… …
4account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …
5Account In Trust — An account that is managed by one party for the benefit of another. It is sometimes called an account held in trust, and the trust relationship can be either explicit or implied. Accounts in trust are typically set up for minors, and transfer of… …
6account analysis — An analysis performed to determine the profitability of each demand account to the bank. The analysis may also be used to determine the profitability of a group of demand accounts with the same owner. Account analysis is normally performed by the …
7account control agreement — An agreement perfecting a creditor s interest in a securities account while allowing the securities to remain registered in the name of the owner. An account control agreement is used to establish a security interest conforming to the… …
8Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… …
9Nostro account — An ISO term. A record kept by an account owner bank of an account serviced on its behalf by an account servicing bank. Also known as the Due from account …
10numbered account — account in a foreign bank that is identified only by a number in order to protect the anonymity of its owner …
