Shipboard Account: A day-by-day, itemized account of a passenger's onboard purchase activity. Alcoholic beverages, shore excursions, gift shop purchases, and internet charges, are all examples of items that are typically added to your shipboard account. Most such accounts are automatically billed to your credit card.

 

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Shipboard Account: A day-by-day, itemized account of a passenger's onboard purchase activity. Alcoholic beverages, shore excursions, gift shop purchases, and internet charges, are all examples of items that ar . . . View Full Definition

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

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.

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

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

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.

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

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