Joint Account: Typically a bank or brokerage account in the names of two (or more) people. Arrangements can be made such that either individual or all signatures are required when drawing checks/cheques.

 

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Joint Account: Typically a bank or brokerage account in the names of two (or more) people. Arrangements can be made such that either individual or all signatures are required when drawing checks/cheques.

Joint Tenants With Right Of Survivorship: In the case of a joint account, on the death of one account holder, ownership of the account assets is transferred to the remaining account holder or holders.

Managed Account: A managed account is a portfolio of stocks or bonds chosen and managed by a professional investment manager who makes the buy and sell decisions. Each managed account has an investment objec . . . View Full Definition

Loan Account: An account, opened for a customer by a bank, following the granting of a loan. The amount of the loan is credited to the customer's current account and similarly debited to the loan account. . . . View Full Definition

Management Accounting: The area of accounting concerned with providing internal financial reports to assist management in making decisions.

Manufacturing Account: An account used to show what it cost to produce the finished goods made by a manufacturing business.

Lifeline Account: A lifeline account is a basic checking account with low or no minimum deposit and balance requirements and very low or no monthly fees. Most lifeline accounts, however, limit the number of c . . . View Full Definition

Jointly And Severally: Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they m . . . View Full Definition

Joint Trench: When the electric company and telephone company dig one trench and 'drop' both of their service lines in.

Joint Venture: A type of partial structural integration in which one or more separate organizations combine resources to achieve a stated objective. The participating companies share ownership of the ventu . . . View Full Definition