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TT&L account |
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TT&L accountTreasury tax and loan account at a bank.TT&L account Similar MatchesLifelong individual savings accountLifelong individual savings accountSee 'individual savings account'. Accounts receivableAccounts receivableAmounts due to an organisation or individual from another for goods or services it has supplied. Tax Exempt Special Savings AccountTax Exempt Special Savings AccountA five year tax free savings scheme for people aged 18 and over, introduced by the government in January 1991 and operated by banks and building societies, but terminated in 1999.The maximum amount which could be paid into such schemes over the five year life of the TESSA was £9,000 according to the following schedule:1st year, £3,0002nd year, £1,8003rd year, £1,8004th year, £1,8005th year £600TESSAs were discontinued on 5th April 1999 although those taken out before then are allowed to run their full five year term. If you own a TESSA, you can do three things with it when it matures:You can withdraw the interest and capital free of tax, and either spend it or invest it elsewhere.You can move the capital into a 'Matured TESSA Account'. The interest earned in the account after the maturity date will be taxable.You can move the capital (but not the income) into an ISA account where it can continue to grow tax free. It can either be paid into a special Tessa-only ISA account (a TOISA) or it can be paid into a cash only mini ISA. The move has to be made within 6 months of the maturity of the TESSA. Accounts receivable financingAccounts receivable financingA short-term financing method in which accounts receivable are collateral for cash advances. See: Factoring. Nominal accountNominal accountAn account kept in a ledger which itemises revenue and expenditure such as sales and operating costs. Further SuggestionsOverdraft checking accountZero balance account (ZBA) personal accounts Account reconciliation Escrow account Omnibus account Capital Builder Account (CBA) account sale current cost accounting Historical Cost Accounting Convention Capital account Sweep account Current account deficit Current account balance I Impound Account Account Ad Valorem Duty House account Concentration account Capital account balance accounts payable Accounting Standards Board joint account Cumulative Translation Adjustment (CTA) account Account Management Profile System cheque account |
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