account

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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 ?
8220;The sub user accounts can also go for personalized download pages for their links.
Through feedback from lenders, Fair Isaac thought it would be best to add authorized user accounts, particularly in light of the Equal Credit Opportunity Act, says John Ulzheimer, president of Consumer Education for Credit.
Although authorized user accounts are once again being considered in the new FICO credit scoring formula, you should make an effort to build your own credit history by obtaining credit in your name and paying bills on time and in full every month.
Allows multiple user accounts for sharing between family and friends
Each user accounts can personalise their Android experience
Moreover, configurable policies on the deletion of historical files and unused user accounts provide the administrative capabilities for the self provisioning process that we were looking for," continued Paradis.
Cyber-Ark's Enterprise Password Vault is uniquely positioned to eliminate one of today's biggest IT security and compliance risks: the mismanagement of privileged user accounts and passwords, which may result in costly outages, lost business, legal liability and or audit deficiencies.
The Self-Registration Utility - Enables end-users to create their own user accounts without administrator involvement, reducing administrator Help Desk calls and time;
A current area of growing concern within the IT environment is the use of privileged user accounts, which are the most powerful accounts defined within critical applications and the servers, operating systems and databases on which they run.
The new Sanriotown lets fans from all around the world access the new services and materials for the first time; upgrades apply to both new and existing user accounts.