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Unit of account |
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Unit of accountA basic function of money, providing a unit of measurement for defining, recording, and comparing value. I.e., one dollar signifies not only a one dollar bill, but also a dollar's worth of money in other forms (deposits), of wealth in other forms than money, and of any good or service with a market value.Similar MatchesSpecial bond accountSpecial bond accountA special broker margin account used only for transactions in US government bonds, municipals, and eligible listed and unlisted non-convertible corporate bonds. Omnibus accountOmnibus accountIn the US, an account carried by one Futures Commission Merchant (FCM) with another. The transactions of two or more individual accounts are combined in this type of account. The identities of the individual account holders are not disclosed to the holding FCM. A brokerage firm may have an omnibus account including all its customers with its clearing firm. Balance on current accountBalance on current accountA country's receipts minus payments for current account transactions. Equals the balance of trade plus net inflows of transfer payments. Insured accountInsured accountA bank or financial account that is insured for the benefit of the depositor, protecting against loss in the event that the savings institution becomes insolvent. See: FDIC. Budget accountBudget accountA bank account set up to control a person's regular expenditure. The account would typically include the payment of such items as mortgage, utilities, telephone and other similar items. Annual expenditure for each item is divided by 12 and paid into the account monthly. The bills are then paid from the budget account as they become due. Further Suggestionshomeowners equity accountTT&L account Restricted account Active account nominee account Capital account deficit Joint account Margin account (stocks) accounting reference date Current account Mixed account Growth accounting Accounting liquidity Open account revenue account postal account Capital account Accounts receivable Option account statement of account Tax Exempt Special Savings Account Account Management Profile System Balance on capital account Account executive Deferred account |
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