mutual account
61Negotiable Order of Withdrawal Account — ( NOW account) An interest earning account on which checks may be drawn. Withdrawals from NOW accounts may be offered by commercial banks, mutual savings banks, and savings and loan associations and may be owned only by individuals and certain… …
62running account — An open unsettled account, as distinguished from a stated and liquidated Running accounts mean mutual accounts and reciprocal demands between the parties, which accounts and demands remain open and unsettled. See also charge account revolving… …
63joint bank account — A bank account in the names of two or more persons which may or may not embrace a survivorship feature. A bank account so created that two persons shall be joint owners during their mutual lives, and the survivor take the whole on the death of… …
64Separately managed account — A Separately Managed Account, or SMA, is an individual investment accounts offered by financial consultants and managed by independent money managers under an asset based fee structure. With such a broad definition, many types of accounts might… …
65Managed Futures Account — An account that is like a mutual fund, except that positions in government securities, futures contracts and options on futures contracts are used to manage the portfolio. Professional money managers known as commodity trading advisors look after …
66Separate Account — 1. A privately managed investment account opened through a brokerage or financial advisor that uses pooled money to buy individual assets. 2. In the context of variable annuities, these are payments made to an insurance company for the purpose of …
67objective — ( mutual funds) The fund s investment strategy category as stated in the prospectus. There are more than 20 standardized categories. E.g. aggressive growth , balanced . Bloomberg Financial Dictionary * * * ▪ I. objective ob‧jec‧tive 1… …
68Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …
69china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …
70China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …
