owner of an account
1account — 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 …
2Account 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… …
3Account 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… …
4account 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 …
5account 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… …
6Account owner bank — An ISO term. A bank for which an account is serviced at another bank (account servicing bank) …
7capital account — A term used in accounting to describe the equity of a business. In a partnership, each partner has a capital account which represents his contribution or investment in the partnership. In a corporation, the capital account represents the amount… …
8capital account — A term used in accounting to describe the equity of a business. In a partnership, each partner has a capital account which represents his contribution or investment in the partnership. In a corporation, the capital account represents the amount… …
9discretionary account — An arrangement by which the holder of the account gives written power of attorney to another person, often his broker, to make trading decisions. Also known as a controlled or managed account. Chicago Board of Trade glossary An arrangement in… …
10Coverdell Education Savings Account — A Coverdell Education Savings Account (also known as an Education Savings Account, a Coverdell ESA, a Coverdell Account, or just an ESA and formerly known as an Education Individual Retirement Account), is a tax advantaged investment account in… …
