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Savings account
Savings accountA deposit account intended for funds that are expected to stay in for the short term. 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. Short One who has sold a contract to establish a market position and who has not yet closed out this position through an offsetting purchase; the opposite of a long position. Term The period of time during which a contract is in force. SIMILAR TERMS-------------------------------------- Savings According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time. Savings and Loan Association The nearest American equivalent to the British building societies. Savings Association Insurance Fund (SAIF) A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions. Savings bank An institution that primarily accepts consumer savings deposits and to make home mortgage loans. Savings bond A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates. Savings deposits Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. Savings element Used in the context of life insurance, the cash value built up in a policy, which equals the amount of premium paid minus the cost of protection. Savings function A Keynesian term relating the level of saving and the level of income. Savings Incentive Match Plan for Employees (SIMPLE) 401(k) plan A tax-deferred retirement savings plan similar to a conventional 401(k) plan, redesigned with specific rules to meet the needs of small employers. The Small Business Job Protection Act of 1996 created these plans for companies with fewer than 100 employees. Savings rate Personal savings as a percentage of disposable personal income. Savir 2000 de Inversiones, SICAV, S.A. Savir 2000 de Inversiones, SICAV, S.A. is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment. Savir Patrimonio, SICAV, S.A. Savir Patrimonio, SICAV, S.A. is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment. PREVIOUS AND NEXT TERMS-------------------------------------- Sarbanes Oxley Act of 2002 Legislation passed largely as a result of a number of accounting scandals. Among the many features is the creation of the Public Company Accounting Oversight Board. The Board shall: 1) register public accounting firms; 2) establish, or adopt, by rule, auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports for issuers; 3) conduct inspections of accounting firms; 4) conduct investigations and disciplinary proceedings, and impose appropriate sanctions; 5) perform such other duties or functions as necessary or appropriate; 6) enforce compliance with the Act, the rules of the Board, professional standards, and the securities laws relating to the preparation and issuance of audit reports and the obligations and liabilities of accountants with respect thereto; 7) set the budget and manage the operations of the Board and the staff of the Board. Saturday night special Often used in risk arbitrage. Sudden attempt by one company to take over another by making a public tender offer. Saucer Technical chart pattern depicting a security whose price has reached bottom and is moving up. Save To keep money for the future, rather than spending it by consuming goods. Savings According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time. Savings account Savings and Loan Association The nearest American equivalent to the British building societies. Savings Association Insurance Fund (SAIF) A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions. Savings bank An institution that primarily accepts consumer savings deposits and to make home mortgage loans. Savings bond A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates. Savings deposits Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. We thank you for using the Financial Dictionary to search for Savings account. If you have a better definition for Savings account than the one presented here, please let us know by making use of the suggest a term option. This definition of Savings account may be disputed by other professionals. Our attempt is to provide easy definitions on Savings account and any other medical topic for the public at large.
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