Tag: accounts

What does 'On Account' mean On account is an accounting term that denotes partial payment of an amount owed or the purchase/sale...

What is an Omnibus Account An Omnibus account is a single account that is used to hold securities for multiple clients. The account is maintained...

What is a managed futures account and how does it work A managed futures account is an investment account in which a professional money manager...

What is a managed account and what are the benefits of using one When it comes to investing, there are a lot of different approaches...

What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also...

What is 'Absorbed Account' An account that has been combined or that has merged with another related account. Accounts are often absorbed...

What is 'Abandoned Property' Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the contents of...

Roth IRA can be defined as a tax advantage retirement account. It is offered by the U.S. government. This account includes stocks, bonds, Certificate...

What is 'Savings Association Insurance Fund - SAIF' A government insurance fund for savings and loans and thrift institutions in the United...

What is 'Savings Club' A non-incorporated group that has opened some type of savings or other deposit account. The money in the...