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Joint account |
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Joint accountTypically a bank or brokerage account in the names of two (or more) people. Arrangements can be made such that either individual or all signatures are required when drawing checks/cheques.Joint 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.Joint account Similar MatchesBalance on capital accountBalance on capital accountA country's receipts minus payments for capital account transactions. Account payeeAccount 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. Uncollectible accountUncollectible accountAn account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay. Lifelong individual savings accountLifelong individual savings accountSee 'individual savings account'. Account balanceAccount balanceCredits minus debits at the end of a reporting period. Further SuggestionsGenerally Accepted Accounting Principles (GAAP)savings account Undermargined account Individual Retirement Account (IRA) Negotiable Order of Withdrawal Account (NOW) Accrual Accounting Convention Automated Customer Account Transfer (ACAT) individual savings account omnibus account Overdraft checking account Accounting earnings Capital account deficit Account statement Financial account Account Management Profile System Capital account surplus Money market demand account (MMDA) Capital account balance Regulatory accounting procedures (RAP) postal account Merchant account Transaction account I Impound Account margin account Suspense account |
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