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Loan account |
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Loan 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.Similar MatchesAccounts receivableAccounts receivableAmounts due to an organisation or individual from another for goods or services it has supplied. Generally Accepted Accounting Principles (GAAP)Generally Accepted Accounting Principles (GAAP)The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S. Current accountCurrent accountA country's international transactions arising from current flows, as opposed to changes in stocks which are part of the capital account. Includes trade in goods and services (including payments of interest and dividends on capital) plus inflows and outflows of transfers. Revenue accountRevenue accountAn investment trust term referring to analysis of investment income. This details whether income is franked or unfranked and whether the source of income is from UK investments, overseas or unlisted securities. Individual Retirement Account (IRA)Individual Retirement Account (IRA)A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred. Further SuggestionsAccounts receivablecheque account Managed account Tax and loan account Transaction account Insured account Account Management Profile System Historical Cost Accounting Convention Tax Exempt Special Savings Account IRA (individual Retirement Account) accounts payable Capital Builder Account (CBA) accounting reference date Account reconciliation Concentration account savings account Unit of account Zero balance account (ZBA) omnibus account Capital account surplus Regulatory accounting procedures (RAP) Omnibus account Inflation accounting individual savings account Account Ad Valorem Duty |
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