Related Words

Account Receivable: A current asset representing money due for services performed or merchandise sold on credit.

Aging Accounts Receivable: The process of categorizing each account receivable by the number of days it has been outstanding.

Mixed Account: A brokerage account holding both long and short positioned securities.

Money Market Account: These bank savings accounts normally pay interest at rates comparable to those offered by money market mutual funds or money market separate accounts offered under a variable annuity contrac . . . View Full Definition

Memorandum Accounts: A name for the accounts held in a subsidiary ledger. Eg. the accounts in a sales ledger .

Money Market Demand Account (MMDA): An account that pays interest based on short-term interest rates.

National Accounts: Large group accounts that have employees in more than one geographic area that are covered through a single national contract for health coverage. Contrast with large local groups.

Market Adjustment-Trading Securities Account: An account used to track the difference between the historical cost and the market value of a company's portfolio of trading securities.

Medical Savings Account (MSA): A trust that employees of small businesses may establish to pay for out-of-pocket medical expenses.

Medical Savings Accounts (MSA): Savings accounts designated for out-of-pocket medical expenses. In an MSA, employers and individuals are allowed to contribute to a savings account on a pre-tax basis and carry over the unus . . . View Full Definition