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Option account |
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Option accountA brokerage account that is approved to hold option positions or trades.Option account Similar MatchesAccounting reference dateAccounting reference dateThe date to which accounts are made up for a company. When a company is incorporated, it will usually have an accounting reference date which is the last day of the month in which the anniversary of its incorporation falls. Directors can change the accounting reference date by filing an appropriate form with the Registrar of Companies. Frozen accountFrozen accountA disciplinary action taken by the Federal Reserve Board for some violation of Regulation T, an individual investor cannot sell securities until they are paid for in full and certificates delivered. Open accountOpen 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. Postal accountPostal accountIn the UK, a building society account in which all transactions are conducted via post. In some cases a pass book is used to record deposits and withdrawals although societies are increasingly acknowledging each of their customer's transactions with a single statement sheet which depicts the amount deposited or withdrawn and the resulting account balance. Also investors now have to produce proof of identity for security reasons prior to the setting up of the account. Interest is payable usually on a six monthly or annual basis and access to funds varies from instant to several months depending on the interest rate being paid, that is, the higher the rate the longer the access time. Interest is paid net of lower rate tax (currently 20%) but non tax payers can elect to have interest paid gross. Margin accountMargin accountAn account with a broker where a client is able to purchase securities on credit after margin has been deposited. Further SuggestionsFinancial Accounting Standards Board (FASB)Negotiable Order of Withdrawal Account (NOW) Day of deposit to day of withdrawal account Concentration account Certified Public Accountant (CPA) accounts receivable Escrow account account payee individual savings account TT&L account Statement of Financial Accounting Standards No 52 Accounting Standards Board Inflation accounting accounts payable Balance on current account Generally Accepted Accounting Principles (GAAP) Capital account surplus real account Account balance books of account Uncollectible account Unit of account Sweep account Statement of Financial Accounting Standards No 8 Accounts receivable |
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