Financial Dictionary

This dictionary contains:
24549
financial terms

Account payee




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.

RELATED TERMS
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Payee
A person receiving payment through any form of money transfer method.

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.



SIMILAR TERMS
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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 party
Party who applies to open a bank for the issuance of a letter of credit.

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
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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
Party who applies to open a bank for the issuance of a letter of credit.

Account payee

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.

Accounting earnings
Earnings of a firm as reported on its income statement.

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This dictionary contains 24549 terms.







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