account

(redirected from taking into account)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Account

In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented.

In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. See: Account executive; account statement.

Account

An agreement between an institution and a person, or another institution, whereby the first institution agrees to hold money and/or other assets on behalf of the second. What the holder may do with those assets depends upon the nature of the account. In a checking account and a savings account, a bank holds money for the client and pays it (them or he/she) a certain percentage in interest. This payment gives the bank the right to lend the money to other clients or invest it within the confines of law and banking regulation. However, the client has the right to withdraw the total amount of money on demand. In a brokerage account, a brokerage holds money and securities for the client and makes transactions with them at the client's request. In exchange, the brokerage charges commissions for the transactions.

account

1. The client of a broker, brokerage firm, or broker-dealer. The client may be a business, an individual investor, or an institutional investor.
2. The record of a client's transactions and investment position. See also account statement.

account

  1. a LEDGER record in which is entered details of all financial transactions relating to an individual supplier (in the creditors' ledger), or customer (in the debtors' ledger), or particular asset or liability (in the assets ledger), or type of expense or receipt (in the nominal ledgers). See DOUBLE ENTRY ACCOUNTS, ACCOUNTING.
  2. a BANK or BUILDING SOCIETY'S record of its dealings with a particular customer which itemizes the customer's business with the bank such as deposits of cash and cheques and withdrawals of funds.
  3. a CUSTOMER. A ‘key account’ is an important customer.
References in periodicals archive ?
If the disregarded entity has a payment obligation for more than one partnership liability, the partnership must allocate net value among the partnership's liabilities in a reasonable and consistent manner, taking into account their relative priorities.
Based on all the facts of record, including the commitments provided by Bank limiting the activities of the proposed office, it has been determined that Bank is subject to a supervisory framework that is consistent with the activities of the proposed representative office, taking into account the nature of such activities.
In computing Pennsylvania's franchise tax, Unisys calculated its tax base with regard to its own net worth and average income, using a three-factor apportionment formula taking into account its own payroll, tangible property, and sales for those years.
Fitch's Distressed Recovery (DR) ratings, introduced in April 2006 across all sectors of structured finance, are designed to estimate recoveries on a forward-looking basis while taking into account the time value of money.
Specifically, the adjustment is computed by taking into account amounts paid or incurred in the period beginning with the first day of the tax year that includes Jan.
If, taking into account all the facts and circumstances, the benefits and burdens of ownership have been transferred to the buyer, the transaction is a sale.
In Europe, the decision was made to maintain higher staffing levels rather than adjust for the below-budget client revenue in the quarter because of the scheduled start-up there of a large project for a major client on July 1 and taking into account European employment laws.
The court had to decide if the guaranty on the loan was a liability for insolvency purposes, taking into account the fact that the note was contingent on the occurrence of a bankruptcy filing.
Taking into account the increasing use by corporations of partnerships and limited liability companies for joint ventures, it is noteworthy that ISOs cannot be granted to employees of partnerships (or other entities, such as limited liability companies, that are treated as partnerships for tax purposes), even if the partnership is controlled by a corporation that has adopted or could adopt an ISO plan.
By not taking into account the scope of Appendix 3 and the significance of Appendix 4, the district court has found Lars-Eric Petersson guilty of something that he was not even charged with - a loss attributable to participants who are not even covered by Appendix 3.
The shareholder may realize gain or loss on the deemed transfer of the S corporation's assets (including the installment obligation) to the shareholder, after taking into account the effect of the deemed sale of the assets; see Temp.
Similar rules apply for taking into account original issue discount and premiums.