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Account payee |
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Account payeeAlso 'account payee only'. Words written on the face of a cheque between two parallel diagonal lines. The purpose is to ensure that the cheque may only be paid into an account in the name of the payee, that is the person to whom the cheque is made payable. This means that the payee cannot sign it in favour of another person.Similar MatchesAccounting reference dateAccounting reference dateThe date to which accounts are made up for a company. When a company is incorporated, it will usually have an accounting reference date which is the last day of the month in which the anniversary of its incorporation falls. Directors can change the accounting reference date by filing an appropriate form with the Registrar of Companies. Lifelong individual savings accountLifelong individual savings accountSee 'individual savings account'. Margin account (stocks)Margin account (stocks)A leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock; if the value of the stock drops sufficiently, the owner will be asked to either put in more cash, or sell a portion of the stock. Margin rules are federally regulated, but margin requirements and interest may vary among broker/dealers. Homeowners equity accountHomeowners equity accountA credit line offered by banks and mortgage lenders which grants the homeowner the opportunity of borrowing against the built up equity in the property. Active accountActive accountRefers to a brokerage account in which many transactions occur. Brokerage firms may levy a fee if an account generates an inadequate level of activity. Further SuggestionsCertified Public Accountant (CPA)Unmargined account Account balance Suspense account Account statement Cash account accounts receivable Omnibus account Frozen account Account Management Profile System Current account surplus nominee account Money market demand account (MMDA) Joint account Growth accounting House account Current account cheque account Deferred account Regulatory accounting procedures (RAP) Average accounting return Individual Savings Account IRA (individual Retirement Account) Cumulative Translation Adjustment (CTA) account Unit of account |
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