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Postal account |
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Postal 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acknowledging each of their customer's transactions with a single statement sheet which depicts the amount deposited or withdrawn and the resulting account balance.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.Similar MatchesUndermargined accountUndermargined accountA margin account that no longer meets minimum maintenance requirements, requiring a margin call on the investor. Accounts receivable financingAccounts receivable financingA short-term financing method in which accounts receivable are collateral for cash advances. See: Factoring. Overdraft checking accountOverdraft checking accountA checking account associated with a line of credit that allows a person to write checks for more that the actual balance in the account, with a finance charge on the overdraft. Purchase accountingPurchase accountingMethod of accounting for a merger that treats the merger as having purchased the merger and assumed the merger of the merger, which are then written up or down to their respective fair merger. The difference between the purchase price and the net assets acquired is attributed to merger. Books of accountBooks of accountThe books in which the transactions of a business are recorded. Further SuggestionsNegotiable Order of Withdrawal Account (NOW)Regulatory accounting procedures (RAP) Transcript of Account Account statement Certified Public Accountant (CPA) individual savings account accounts receivable Open account Zero balance account (ZBA) Sweep account real account cheque account Concentration account joint account Current account surplus Balance on current account Account reconciliation Account balance nominal account accounts payable Accounts payable Cumulative Translation Adjustment (CTA) account Escrow account Growth accounting Restricted account |
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