transaction account
61Custodial Account — A Custodial account is a financial account set up for a minor, but administered by a responsible adult, known as a custodian, because the minor is under the legal age of majority. The custodian is often the minor s parent. A custodial account can …
62ex-pit transaction — The closing out of a futures position off the exchange floor. Effected when two hedgers, one long and one short, make a private deal in the cash market, and no longer need their (equal and opposite) futures contracts to hedge. The hedgers contact …
63Bank Account Debits Tax — (BADT or BAD) was an Australian tax levied on customer withdrawals from bank accounts with a cheque facility (both withdrawals made by cheque or by another means, such as EFTPOS). The tax was introduced by the Commonwealth in 1982. The power to… …
64internal transaction category — In the Single Platform context, this transaction category includes:· Intra entity settlement transactions when both parties to the transactions are members of the same ( I) CSD; Euroclear Clearing and Settlement glossary This covers: Euroclear… …
65internal transaction category — In the Single Platform context, this transaction category includes:· Intra entity settlement transactions when both parties to the transactions are members of the same (I)CSD; This covers: – intra Domestic transactions when both parties are using …
66running account — An open account. An account without break or interruption by settlement or adjustment. Riffith v Portlock, 233 Iowa 492, 7 NW2d 199. An account of running or current dealings between the parties kept unclosed with the expectation of the addition… …
67Cash account — Cash Cash (k[a^]sh), n. [F. caisse case, box, cash box, cash. See {Case} a box.] A place where money is kept, or where it is deposited and paid out; a money box. [Obs.] [1913 Webster] This bank is properly a general cash, where every man lodges… …
68cash account — Cash Cash (k[a^]sh), n. [F. caisse case, box, cash box, cash. See {Case} a box.] A place where money is kept, or where it is deposited and paid out; a money box. [Obs.] [1913 Webster] This bank is properly a general cash, where every man lodges… …
69Interdistrict Settlement Account — A clearing account that the Federal Reserve maintains to facilitate fund transfers between the 12 Federal Reserve banks located throughout the country. The account is domiciled in Washington D.C. This account is reserved solely for the use of the …
70Merchant Account — A type of business bank account that allows a business to accept and process debit and credit card transactions. Merchant accounts are necessary accounts for many businesses, and are essential for online businesses. There are different types of… …
