Tag: account

What is 'Backup Withholding' Backup withholding is the tax that is levied on investment income, at an established tax rate, as the investor withdraws it....

What is 'Callable Certificate Of Deposit' An FDIC insured certificate of deposit (CD) that contains a call feature similar to other types...

What is a 'Call Deposit Account' A call deposit account is a bank account for investment funds that offers the advantages of both a savings...

What is a joint endorsement A joint endorsement is an agreement between two or more individuals to endorse a financial instrument, such as a check...

DefinitionA joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can...

What is joint ownership of property Joint owned property refers to a situation in which two or more individuals own an asset together. There are...

DefinitionA safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank...

What is 'Canadian Investor Protection Fund - CIPF' A Canadian not-for-profit organization set up by the investment industry designed to protect investors...

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

Earnings Credit Rate (ECR) What is 'Earnings Credit Rate - ECR' A daily calculation of interest paid on idle funds that reduce...