Margin accountAn account with a broker where a client is able to purchase securities on credit after margin has been deposited.
Loan accountLoan 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 accountSuspense account
An account used temporarily to record receipts and disbursements that have yet to be classified.
Account payeeAccount 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 accountAsset management account
Account at a brokerage house, bank, or savings institution that integrates banking services and brokerage features.
Sweeper accountSweeper 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 SuggestionsCash account
Automated Customer Account Transfer (ACAT)
Tax Exempt Special Savings Account
Balance on capital account
Account Management Profile System
Accounting Standards Board
individual retirement account
Statement of Financial Accounting Standards No 52
Special arbitrage account
Accrual Accounting Convention