Subaccount

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Subaccount

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.

Subaccount

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.

Subaccount.

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.
International Monetary Fund - Poverty Reduction and Growth - -Heavily Indebted Poor Countries Debt Relief Initiative Trust Fund includes HIPC, Extended Credit Facility (ECF), and ECF-HIPC sub-accounts
As per complaint received in NAB, M/s ACE Securities (Private) Limited is alleged for handling of securities entered in the sub-accounts maintained under its participant ID without authority of the sub-account holders in violation of applicable laws.
5 million shareholder accounts, including sub-accounts as of March 31, 2015.
According to the Sub-Accounts Unit of the Ministry of Tourism, out of a total 9 million tourists to Egypt last year, the total number of Arabs that visited Egypt reached 1.
One key additional benefit in variable annuities is the ability to exchange sub-accounts with no current income tax consequences and at low or no cost.
The system-generated statements provide details about the securities position in Sub-Accounts in terms of balance available, and pledged etc.
For example, Bluebird allows cardholders to establish up to four sub-accounts on every Bluebird account at no charge.
Epom Ad Server for Networks allows managing and optimizing ad campaigns in real time within a unified platform, providing the clients with intuitive trafficking interface, CTR optimization tools and wide targeting options within 4 sub-accounts.
25 percent starting at age 65, it also features an advanced volatility-management strategy developed by risk-management specialist Milliman that incorporates TOPS exchange traded fund (ETF) portfolios from ValMark Advisers and futures-based equity positions into the annuity's sub-accounts.
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.
Also, speaking of merging, MobileMe accounts which have no upgrades applied to them can now be converted to Family Pack sub-accounts.