Transaction account


 

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Transaction account

A checking or similar account from which transfers can be made to third parties. Demand-deposit accounts, negotiable order of withdrawal NOW accounts, automatic transfer service (ATS) accounts, and credit union share draft accounts are examples of transaction accounts at banks and other depository institutions.



Transaction account

Similar Matches

Cash transaction

Cash transaction

A transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price).


Shared equity transaction

Shared equity transaction

A transaction in which two buyers purchase a property, one as a resident co-owner and the other as an investor co-owner.


Riskless transaction

Riskless transaction

A transaction that is guaranteed a profit, such as the arbitrage of a temporary differential between commodity prices in two different markets. The evaluation of whether dealer markups and markdowns in OTC transactions are reasonable. According to NASD, markups or markdowns should not exceed 5%.


Transaction Insured Trade Acceptance Locator (TITAL)

Transaction Insured Trade Acceptance Locator (TITAL)

A trade acceptance through an insurance entity (rather than a bank) which is conditional upon exporter performance.


Highly leveraged transaction (HLT)

Highly leveraged transaction (HLT)

Bank loan to a highly leveraged firm.


Further Suggestions

Transaction cost
COD transaction
Transaction loan
Spot transaction
Transaction exposure
Taxable transaction
Intercompany transaction
Transactions costs
Transaction fee
Transaction tax
Trust fund transaction
Net transaction
Net sales transaction
Round trip transactions costs
Interfund transactions
Intermediate transaction
Structured arbitrage transaction
Transaction value
Intrabudgetary transactions
Federal intrafund transactions
Closing transaction
Forward exchange transaction
Accomodating transaction
Transactions motive
Transaction Risk


 
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