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Cheque account |
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Cheque accountAn account, with a bank (or additionally a building society in the UK) into which deposits are made and from which payments are made by cheque.Similar MatchesNominee 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. Unit of accountUnit of accountA basic function of money, providing a unit of measurement for defining, recording, and comparing value. I.e., one dollar signifies not only a one dollar bill, but also a dollar's worth of money in other forms (deposits), of wealth in other forms than money, and of any good or service with a market value. Joint accountJoint accountAn 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. Accounting insolvencyAccounting insolvencyTotal liabilities exceed total assets. A firm with a negative net worth is insolvent on the books. Account Ad Valorem DutyAccount Ad Valorem DutyAn imported merchandise tax expressed as a percentage. Further SuggestionsCapital accountMoney market demand account (MMDA) Accounting liquidity Cash account Deferred account Purchase accounting Current account balance Day of deposit to day of withdrawal account Asset management account Open account Account Management Profile System Current account deficit Managed account Historical Cost Accounting Convention Account reconciliation accounting reference date Regulatory accounting procedures (RAP) Special arbitrage account Accrual Accounting Convention Undermargined account Accounting Standards Board Option account Growth accounting Unmargined account Current account |
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