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Zero balance account (ZBA) |
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Zero balance account (ZBA)A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented.Zero balance account (ZBA) Similar MatchesAccount 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. Margin accountMargin accountAn account with a broker where a client is able to purchase securities on credit after margin has been deposited. Transcript of AccountTranscript of AccountA listing of all prior and present registered securityholder account information. Personal accountsPersonal accountsA company's sales accounts of customers contained in the sales ledger and purchase accounts of suppliers contained in the purchase ledger are also known as personal accounts. Individual retirement accountIndividual retirement accountIn the US, a tax-deferred retirement savings account which may be set up by people in employment. IRA contributions are tax deductible irrespective of income if neither spouse is a member of a qualified plan or trust. A person who is a member of a qualified plan may still deduct IRA contributions providing adjusted gross income is below a certain level. Although savings grow tax free over the term of the plan, when pension benefits are taken, they will be liable to tax. Further Suggestionssweeper accountFinancial account Margin account (stocks) Current account balance current cost accounting Capital account Accounting earnings Transaction account nominal account statement of account Individual Retirement Account (IRA) Accounts payable Regulatory accounting procedures (RAP) Active account Financial Accounting Standards Board (FASB) revenue account nominee account Accounts receivable joint account Accounting Standards Board Growth accounting Inflation accounting Replacement cost accounting Statement of Financial Accounting Standards No 52 budget account |
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