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Open account |
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Open accountArrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger.Open account Similar MatchesMargin accountMargin accountAn account with a broker where a client is able to purchase securities on credit after margin has been deposited. Accounts payableAccounts payableMoney owed to suppliers. Capital accountCapital account1. (Current definition) Since sometime in the 1990s, "capital account" refers to a minor component of international transactions, involving unilateral transfers of ownership of property. The common definition, below, describes what is now called the financial account. 2. (Common definition) A country's international transactions arising from changes in holdings of real and financial capital assets (but not income on them, which is in the current account). Includes FDI, plus changes in private and official holdings of stocks, bonds, loans, bank accounts, and currencies. 3. (Bretton-Woods definition) Same as common definition except excluding official reserve transactions. This definition was used under the Bretton Woods System of pegged exchange rates, but is less meaningful under floating exchange rates. Account balanceAccount balanceCredits minus debits at the end of a reporting period. Managed accountManaged accountAn investment portfolio one or more clients entrusted to a manager who decides how to invest it. Further Suggestionsshare accountInflation accounting flexible mortgage account cheque account Balance on current account Account reconciliation nominal account Replacement cost accounting Current account Cumulative Translation Adjustment (CTA) account Current account deficit Frozen account Capital account deficit Current account surplus Current account balance Individual Savings Account real account revenue account Capital account surplus Generally Accepted Accounting Principles (GAAP) IRA (individual Retirement Account) Margin account (stocks) Financial Accounting Standards Board (FASB) Cost accounting savings account |
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