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

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.


Trust fund transaction

Trust fund transaction

An intra budgetary financial arrangement in which both payments and receipts occur within the same trust fund group.


Intermediate transaction

Intermediate transaction

The sale of a product by one firm to another, presumably to be used as an intermediate input.


Intercompany transaction

Intercompany transaction

Transaction carried out between two units of the same corporation.


Closing transaction

Closing transaction

Applies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option). Antithesis of opening transaction.


Further Suggestions

Round trip transactions costs
Spot transaction
Transaction exposure
Accomodating transaction
Riskless transaction
Transaction tax
Opening transaction
Autonomous transaction
Official reserve transactions
Transaction loan
Structured arbitrage transaction
Transactions motive
Transaction fee
Net transaction
Shared equity transaction
Transaction value
Interfund transactions
Transaction
Net sales transaction
Federal intrafund transactions
Transaction cost
Net transaction exposure
Taxable transaction
Transactions costs
Transaction Risk


 
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