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

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...

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

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...