Related Words

Account Daily Spending Limit: Maximum amount you want to spend each day. You may be charged up to 10% above your Account Daily Spending Limit.

Margin Account: Margin accounts are brokerage accounts that allow you a much wider range of transactions than cash accounts. In a cash account you must pay for every purchase in full at the time of the tran . . . View Full Definition

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

Margin Account (Stocks): A leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock; if the value of the stock drops s . . . View Full Definition

Master Limited Partnership (MLP): A publicly traded limited partnership.

Maximum Dollar Limit: The maximum amount of money that an insurance company (or self-insured company) will pay for claims within a specific time period. Maximum dollar limits vary greatly. They may be based on or . . . View Full Definition

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

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.

Lower Earnings Limit: The level of income at which employees start to pay Class 1 National Insurance contributions.

Limiting Reactant: The reactant that limits the amount of product produced in a chemical reaction. For example, mixing one mole of H2(g) with one mole of O2 produces one mole of steam (H2O(g)), with half a mol . . . View Full Definition