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A term used in bookkeeping. For example, the insurance expense account may have various different subcategories such as building and property insurance, auto/fleet insurance, general liability, environmental, professional liability, law enforcement, and other insurance.


An account within an account. For example, funds in a subaccount may be available only to a certain person, or may be used only for a certain purpose.


The separate account funds to which you allocate your variable annuity premiums are sometimes called subaccounts.

Each subaccount is managed by an investment specialist, or team of specialists, who make buy and sell decisions based on the subaccount's objective and their analysts' research.

If you're comparing different contracts to decide which to purchase, among the factors to consider are the variety of subaccounts each contract offers, the past performance of those subaccounts, the experience of the professional manager, and the fees.

In evaluating the past performance and other details of the subaccounts a contract offers, or those you select in the contract you choose, you can use the prospectus the annuity company provides for each subaccount. You may also be able to find independent research from firms such as Morningstar, Inc., Standard & Poor's, and Lipper. However, past performance is not indicative of future results.

References in periodicals archive ?
For example, a parent with a CARD account may use the mobile app to create sub-accounts for a spouse, teen or babysitter, with each sub-account able to pick their own favorite card design.
The IDB segregates the proceeds from EYE bonds in a separate sub-account, disbursing funds only to education, youth or unemployment projects which fulfill specific criteria.
The IDB will segregate the proceeds from EYE bonds in a separate sub-account, disbursing funds only to education, youth or unemployment projects that meet specific criteria.
The NAB has received a complaint that M/s ACE Securities was allegedly handling securities without authority of sub-account holders in violation of applicable laws.
Other benefits come from the company, like death benefits, living benefits and sub-account choices.
KARACHI -- Central Depository Company of Pakistan Limited (CDC) has sent Physical Account Statements to all Sub-Account Holders of the Central Depository System.
These sub-accounts are in the sub-account holders name but can be filled by the account holder for free.
Much of that innovation is occurring at the sub-account level.
The brokerage house and its bigwigs also misused the powers given to them under the CDC sub-account opening form in moving or pledging the shares of their clients from their respective sub-accounts, resulting in a total loss to the clients.
A proposed new sub-account for WMD Terrorism in order to undertake specialized, targeted projects to improve international capacities in preparing for, and responding to, a terrorist attack involving weapons of mass destruction.
Therefore, the court finds that plaintiffs have failed to establish through the evidence before the court that [the plaintiffs'] funds could theoretically earn net interest in a sub-account.
Their joint contributions were segregated into two equal subaccounts and separate contributions would be added to the particular grantor's sub-account.