ACCOUNT

The contractual record between a buyer and the seller of a product or service, who have agreed on payment at a later date.

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A collection of investments, either taxable or tax-deferred. Account can be real (contains investments actually owned) or model (hypothetical). Account type can be brokerage, mutual fund, or other (a mutual fund can be an account if the fund is purchased directly from fund company or it can be an investment within an account, if purchased through a broker). Legally, accounts are set up as taxable or tax deferred. The legal owner of an account can be an individual, joint , corporate, custodian, estate, or trust. See Real Taxable Accounts, Joint Accounts, and Real Tax-Deferred Accounts

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See DRAWING ACCOUNT , ACCOUNT EXECUTIVE , ACCOUNT PAYABLE , ACCOUNT RECEIVABLE , ACCOUNTS RECEIVABLE FINANCING , ACCOUNTS RECEIVABLE TURNOVER