Related Words

Revenue Account: An investment trust term referring to analysis of investment income.

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.

Negotiable-Order-Of-Withdrawal Account: A negotiable-order-of-withdrawal (NOW) account is an interest-bearing checking account that pays interest on the balance, usually at a rate comparable to a money market account. You may be r . . . View Full Definition

New Account Report: A broker's document including information about a new client. See: Know your customer.

Nominal Accounts: Accounts that are closed to a zero balance at the end of each accounting period: temporary accounts generally appearing on the income statement.

Net Realizable Value Of Accounts Receivable: The net amount that would be received if all receivables considered collectible were collected: equal to total accounts receivable less the allowance for uncollectible accounts: also called . . . View Full Definition

Municipal Revenue Bond: A bond issued to finance a public project that is funded by receipts from the project's operation.

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

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