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Account party
Account partyParty who applies to open a bank for the issuance of a letter of credit. RELATED TERMS-------------------------------------- Open Used in the context of general equities. Having either buy or sell interest at the indicated price level and side of a preceding trade. "Open on the buy-sell side" means looking for buyers-sellers (for someone who is a seller-buyer). Bank A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals. Credit Money loaned. SIMILAR TERMS-------------------------------------- ACCO PRINCETON ACCO PRINCETON is a credit union with head office in PRINCETON, NJ ACCO YORK ACCO YORK is a credit union with head office in YORK, PA Accommodative monetary policy Federal Reserve System policy to increase the amount of money available to banks for lending. Accor Accor is a top French corporation in the field of hotels, restaurants and leisure, and its estimated market value is 9,710 million US dollars. Accord Financial Accord Financial is one of Canada's largest companies. 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. Account ad valorem duty An imported merchandise tax expressed as a percentage. Account balance Credits minus debits at the end of a reporting period. Account executive Is the party who acts as an agent for his customer. Also known as an Associated Person (AP), Investment Executive (IE), Registered Representative (RR), Registered Customer Support Person or Securities Salesman. Account payee Also 'account payee only'. Words written on the face of a cheque between two parallel diagonal lines to ensure that the cheque may only be paid into an account in the name of the payee, that is the person to whom the cheque is made payable. Account reconciliation The reviewing and adjusting of the balance in a personal checkbook to match your bank statement. Account sale A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes referred to as a P&S (Purchase and Sale Statement). Account statement 1) In the context of banking, refers to a summary of all balances. 2) In the context of securities, a summary of all transactions and positions (long and short) between a broker/dealer and a client. Accountant's opinion A signed statement from an independent public accountant after examination of a firm's records and accounts. The opinion may be unqualified or qualified. Accountants (London Stock Exchange) They are the ?gatekeepers? of the public securities markets. Accountants ensure that the financial statements are correct and complete and give an accurate picture of the company. Accounting earnings Earnings of a firm as reported on its income statement. Accounting exposure The change in the value of a firm's foreign currency-denominated accounts due to a change in exchange rates. Accounting insolvency Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books. Accounting liquidity The ease and quickness with which assets can be converted to cash. Accounting reference date The date to which accounts are made up for a company. Accounting Standards Board UK body that sets accounting standards. A subsidiary body of the Financial Reporting Council. Accounts payable Amounts owed by an organization or individual to another for goods or services it has received. Accounts receivable Amounts due to an organization or individual from another for goods or services it has supplied. Accounts receivable financing A short-term financing method in which accounts receivable are collateral for cash advances. Accounts receivable turnover The ratio of net credit sales to average accounts receivable, which is a measure of how quickly customers pay their bills. PREVIOUS AND NEXT TERMS-------------------------------------- Accommodative monetary policy Federal Reserve System policy to increase the amount of money available to banks for lending. 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. Account ad valorem duty An imported merchandise tax expressed as a percentage. Account balance Credits minus debits at the end of a reporting period. Account executive Is the party who acts as an agent for his customer. Also known as an Associated Person (AP), Investment Executive (IE), Registered Representative (RR), Registered Customer Support Person or Securities Salesman. Account party Account payee Also 'account payee only'. Words written on the face of a cheque between two parallel diagonal lines to ensure that the cheque may only be paid into an account in the name of the payee, that is the person to whom the cheque is made payable. Account reconciliation The reviewing and adjusting of the balance in a personal checkbook to match your bank statement. Account sale A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes referred to as a P&S (Purchase and Sale Statement). Account statement 1) In the context of banking, refers to a summary of all balances. 2) In the context of securities, a summary of all transactions and positions (long and short) between a broker/dealer and a client. Accountant's opinion A signed statement from an independent public accountant after examination of a firm's records and accounts. The opinion may be unqualified or qualified. We thank you for using the Financial Dictionary to search for Account party. If you have a better definition for Account party than the one presented here, please let us know by making use of the suggest a term option. This definition of Account party may be disputed by other professionals. Our attempt is to provide easy definitions on Account party and any other medical topic for the public at large.
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