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ACATS
ACATSIs the Automated Customer Account Transfer Service. RELATED TERMS-------------------------------------- Account 1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. Transfer A change of ownership from one person or party to another. SIMILAR TERMS-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- Absolute form of purchasing power parity A theory that prices of products of two different countries should be equal when measured by a common currency. Absolute physical life The period of use after which an asset has deteriorated to such an extent that it can no longer be used. Absolute priority Rule in bankruptcy proceedings requiring senior creditors to be paid in full before junior creditors receive any payment. Absorbed Used in context of general equities. Securities are "absorbed" as long as there are corresponding orders to buy and sell. Abusive tax shelter A limited partnership that the IRS judges to be claiming tax deductions illegally. ACATS Accelerated cost recovery system (ACRS) Schedule of depreciation rates allowed for tax purposes. Accelerated depreciation Is an accounting technique which provides larger than straight-line depreciation amounts in the early years and smaller than straight-line depreciation amounts in the later years. Acceleration clause A contract stating that the unpaid balance becomes due and payable if specific actions transpire. Acceptance The writing of the word 'accepted' on the face of a bill of exchange by the drawee together with his/her signature indicating that the bill will be paid when due. Accepting house An organization, usually a merchant bank, which accepts or guarantees bills of exchange. We thank you for using the Financial Dictionary to search for ACATS. If you have a better definition for ACATS than the one presented here, please let us know by making use of the suggest a term option. This definition of ACATS may be disputed by other professionals. Our attempt is to provide easy definitions on ACATS and any other medical topic for the public at large.
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