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Frozen account |
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Frozen accountA disciplinary action taken by the Federal Reserve Board for some violation of Regulation T, an individual investor cannot sell securities until they are paid for in full and certificates delivered.Frozen account Similar MatchesAccounts receivable financingAccounts receivable financingA short-term financing method in which accounts receivable are collateral for cash advances. See: Factoring. Balance on capital accountBalance on capital accountA country's receipts minus payments for capital account transactions. Tax Exempt Special Savings AccountTax Exempt Special Savings AccountA five year tax free savings scheme for people aged 18 and over, introduced by the government in January 1991 and operated by banks and building societies, but terminated in 1999.The maximum amount which could be paid into such schemes over the five year life of the TESSA was £9,000 according to the following schedule:1st year, £3,0002nd year, £1,8003rd year, £1,8004th year, £1,8005th year £600TESSAs were discontinued on 5th April 1999 although those taken out before then are allowed to run their full five year term. If you own a TESSA, you can do three things with it when it matures:You can withdraw the interest and capital free of tax, and either spend it or invest it elsewhere.You can move the capital into a 'Matured TESSA Account'. The interest earned in the account after the maturity date will be taxable.You can move the capital (but not the income) into an ISA account where it can continue to grow tax free. It can either be paid into a special Tessa-only ISA account (a TOISA) or it can be paid into a cash only mini ISA. The move has to be made within 6 months of the maturity of the TESSA. Accounting 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. Margin accountMargin accountAn account with a broker where a client is able to purchase securities on credit after margin has been deposited. Further SuggestionsUnmargined accountCurrent account surplus account payee Cash account savings account accounts payable Current account deficit Merchant account Account statement Current account balance individual retirement account Money market demand account (MMDA) statement of account Undermargined account Mixed account nominee account budget account Account Management Profile System Historical Cost Accounting Convention Transcript of Account managed account Cumulative Translation Adjustment (CTA) account Account Party Generally Accepted Accounting Principles (GAAP) Accounts payable |
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