Margin account

 

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Margin account

An account with a broker where a client is able to purchase securities on credit after margin has been deposited.



Similar Matches

Loan account

Loan account

An 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.


Suspense account

Suspense account

An account used temporarily to record receipts and disbursements that have yet to be classified.


Account payee

Account payee

Also '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.


Asset management account

Asset management account

Account at a brokerage house, bank, or savings institution that integrates banking services and brokerage features.


Sweeper account

Sweeper account

A bank account which offsets the cash held in a depositor's account against credit card, loan and mortgage debts to reduce the debit interest payable on them. Often it will automatically transfer surplus funds held in a depositor's current account to his or her deposit account where the money will earn higher rates of interest.


Further Suggestions

Cash account
Automated Customer Account Transfer (ACAT)
personal accounts
Tax Exempt Special Savings Account
Accounts payable
current account
Balance on capital account
Account Management Profile System
Accounts receivable
Account executive
Accounting Standards Board
individual retirement account
Account statement
Statement of Financial Accounting Standards No 52
Current account
Unmargined account
savings account
Restricted account
revenue account
Current account
accounts receivable
Capital account
Special arbitrage account
Accounting insolvency
Accrual Accounting Convention


 
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