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Cash account |
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Cash accountA brokerage account that settles transactions on a cash-rather than credit-basis.Cash account Similar MatchesSpecial arbitrage accountSpecial arbitrage accountA margin account with lower cash requirements, reserved for transactions that are hedged by an offsetting position in futures or options. Special bond accountSpecial bond accountA special broker margin account used only for transactions in US government bonds, municipals, and eligible listed and unlisted non-convertible corporate bonds. Nominee accountNominee accountAn account in which the named holder holds the assets in it on behalf of another (the beneficiary). In the stock market, the most common use of nominee accounts is where execution-only brokers act as nominees for their clients. The shares are registered in the name of the broker, but the client has beneficial ownership of them. The advantage of nominee accounts is that they make settlement quicker and more streamlined. In theory, dealing costs should be lower. There are some disadvantages: because the individual isn't the registered owner of the shares, he doesn't get sent company reports and accounts, and can't take advantage of shareholder perks, unless his brokers provides a special forwarding service. 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. Loan accountLoan accountAn 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. Further Suggestionsindividual retirement accountStatement of Financial Accounting Standards No 8 current account Account Ad Valorem Duty Merchant account accounts receivable Managed account accounts payable IRA (individual Retirement Account) Suspense account Uncollectible account books of account Current account account payee homeowners equity account account sale Accounting Standards Board Insured account Inflation accounting Concentration account Capital account managed account statement of account Cost accounting Zero balance account (ZBA) |
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