Account sale


 

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Account sale

A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes referred to as a P&S (Purchase and Sale Statement), it shows the net profit or loss on the transaction, with commissions and other charges detailed and taken.



Similar Matches

Special bond account

Special bond account

A special broker margin account used only for transactions in US government bonds, municipals, and eligible listed and unlisted non-convertible corporate bonds.


Capital account

Capital account

Net result of public and private international investment and lending activities.


Individual retirement account

Individual retirement account

In the US, a tax-deferred retirement savings account which may be set up by people in employment. IRA contributions are tax deductible irrespective of income if neither spouse is a member of a qualified plan or trust. A person who is a member of a qualified plan may still deduct IRA contributions providing adjusted gross income is below a certain level. Although savings grow tax free over the term of the plan, when pension benefits are taken, they will be liable to tax.


Loan account

Loan account

An account, opened for a customer by a bank, following the granting of a loan. The amount of the loan is credited to the customer's current account and similarly debited to the loan account. An arrangement is subsequently made for the customer to repay the loan, usually over a stated period of time, with interest additionally being paid on the outstanding amount.


Joint account

Joint account

An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities, or an account owned jointly by two or more persons at a bank or brokerage house.


Further Suggestions

Deferred account
statement of account
Margin account (stocks)
Asset management account
personal accounts
accounting reference date
Growth accounting
Cash account
real account
budget account
Accrual Accounting Convention
Capital account deficit
current account
margin account
Insured account
Suspense account
Account executive
Automated Customer Account Transfer (ACAT)
Accounting insolvency
Current account
nominal account
Tax Exempt Special Savings Account
Average accounting return
Unit of account
Cumulative Translation Adjustment (CTA) account


 
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