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Sweep account |
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Sweep accountAccount providing that a bank invest all the excess available funds at the close of each business day for the firm.Sweep account Similar MatchesMixed accountMixed accountA brokerage account holding both long and short positioned securities. Current account surplusCurrent account surplusCredits minus debits on current account. Same as balance on current account. See surplus. Accounting insolvencyAccounting insolvencyTotal liabilities exceed total assets. A firm with a negative net worth is insolvent on the books. Option accountOption accountA brokerage account that is approved to hold option positions or trades. Account payeeAccount payeeAlso '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. Further SuggestionsAccrual Accounting Conventionbudget account Balance on capital account postal account Omnibus account Overdraft checking account Unit of account Account statement Frozen account joint account Financial account Unmargined account account sale individual savings account Undermargined account real account share account Statement of Financial Accounting Standards No 8 Special arbitrage account Money market demand account (MMDA) Escrow account omnibus account Historical Cost Accounting Convention Uncollectible account Transcript of Account |
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