Option account


 

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Option account

A brokerage account that is approved to hold option positions or trades.



Option account

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Homeowners equity account

Homeowners equity account

A credit line offered by banks and mortgage lenders which grants the homeowner the opportunity of borrowing against the built up equity in the property.


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.


Current account

Current account

A 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.


Current account

Current account

Net flow of goods, services, and unilateral transactions (gifts) between countries.


Zero balance account (ZBA)

Zero balance account (ZBA)

A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented.


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