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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 MatchesPurchase accountingPurchase accountingMethod of accounting for a merger that treats the merger as having purchased the merger and assumed the merger of the merger, which are then written up or down to their respective fair merger. The difference between the purchase price and the net assets acquired is attributed to merger. Capital Builder Account (CBA)Capital Builder Account (CBA)A Merrill Lynch brokerage account that allows investors to access the loan value of his or her eligible securities to buy or sell securities. Excess cash in a CBA can be invested in a money market fund or an insured money market deposit account without losing access to the money. Postal accountPostal accountIn the UK, a building society account in which all transactions are conducted via post. In some cases a pass book is used to record deposits and withdrawals although societies are increasingly acknowledging each of their customer's transactions with a single statement sheet which depicts the amount deposited or withdrawn and the resulting account balance. Also investors now have to produce proof of identity for security reasons prior to the setting up of the account. Interest is payable usually on a six monthly or annual basis and access to funds varies from instant to several months depending on the interest rate being paid, that is, the higher the rate the longer the access time. Interest is paid net of lower rate tax (currently 20%) but non tax payers can elect to have interest paid gross. Capital account deficitCapital account deficitDebits minus credits on capital account. See deficit. Suspense accountSuspense accountAn account used temporarily to record receipts and disbursements that have yet to be classified. Further SuggestionsFinancial Accounting Standards Board (FASB)Automated Customer Account Transfer (ACAT) personal accounts budget account Zero balance account (ZBA) Transcript of Account Account statement Balance on current account Asset management account Regulatory accounting procedures (RAP) Restricted account loan account Current account books of account Negotiable Order of Withdrawal Account (NOW) individual retirement account statement of account Option account sweeper account lifelong individual savings account IRA (individual Retirement Account) Current account balance Certified Public Accountant (CPA) Accrual Accounting Convention accounting reference date |
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