partnership account

Partnership Account

An account at a brokerage held by two or more people in which each person is equally liable. The account holders may or may not have a written agreement on the rights and obligations each one has in the partnership account. This is similar to a joint account, but is used mainly for business partnerships, rather than for married couples who are investing.

partnership account

A brokerage account in which two or more individuals are equally liable. A partnership account differs from a joint account in that the partnership account may include a written agreement defining the interest of each partner.
References in periodicals archive ?
Lisa Wilson, senior partnership account manager at Children in Need, added: "BBC Children in Need support projects across the whole UK but also right here in Paisley.
The companies involved in the Textiles Partnership account for more than 50% of the German market for textiles.
Interested coatings companies should contact Cogent quickly to open a Science Industry Partnership account, as the funding is available on a first come, first served basis.
The court heard both defendants were given credit cards in Saatchi's Conarco Partnership account with Coutts to buy items for the house.
The order accuses Wingad of providing little if any information as to exactly what investments he had made or what securities were held in the partnership account, although Wingad would send e-mails explaining his investment strategies and provide monthly statements.
Investigators told the court that during the year before the Ken Thorne World of Cars group collapsed, a total of pounds 5m was moved by the Thornes from the company account into a partnership account that paid the family's salaries.
The share of partnership liabilities account combined with the investment in EFG partnership account reconciles with the partners' equity balances.
At October, Paul will work on The Venmore Partnership account and on the Mann Island project for Neptune Developments.
Reichardt continued to manage the property, commingle partnership and personal funds, and use the partnership account as his own.
The partnership agreement required that all income generated by the partnership was to be deposited into a partnership account.
All income was required to be deposited into a partnership account.
How would an entity that invests in a qualified affordable housing project through a limited partnership account for its investment?

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