have+an+account
121Frozen Account — An account to which no withdrawals or purchases can be charged. This usually occurs when the account holder fails to pay promptly for purchases charged to the account. For example, cash accounts are frozen for 90 days until the full purchase… …
122Multi-Discipline Account — A type of investment account that allows access by several specialized investment managers within one main account. The account is split into several sub accounts that are separately run by… …
123Savings Account — A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. Depending on the specific type of savings account, the account holder may not be able to write checks from the account… …
124omnibus account — An account carried by one Futures Commission Merchant ( FCM) with another. The transactions of two or more individual accounts are combined in this type of account. The identities of the individual account holders are not disclosed to the holding …
125bank account — noun a fund that a customer has entrusted to a bank and from which the customer can make withdrawals (Freq. 1) he moved his bank account to a new bank • Hypernyms: ↑account, ↑business relationship • Hyponyms: ↑giro account, ↑checking account, ↑ …
126Custodial 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 …
127Absorbed Account — An account that has been combined or that has merged with another related account. Accounts are often absorbed into existing accounts as a way of simplifying the accounting process. Once an account has been absorbed the original account will… …
128Money Market Account Extra - MMAX — An account structure that provides depositors with the ability to secure FDIC insurance on large deposits that would otherwise exceed the normal insurance limit of $250,000. The MMAX structure allows banks to attract large depositors, including… …
