An account that continues to grow between two or more parties. It measures performance of each agent in an insurance agency.

A representative who manages a client, large customer, or acts as an agent broker. AKA registered representative.

The arrangement of information on a balance sheet . Assets and liabilites are listed as well as equity. AKA account form.

The statement on an account over a period of time.

A restriction a bank puts on an account to control access to funds. It occurs when the account balance is collateral or when the court and tax authorities place a […]

A party authorized to use an account as they see fit. This is done by signing forms consenting to manage an account.

Money managed by a party for another. This is done for minors.

When a bank asks for the applicants account history for credit approval or loan renewal.

The day to day manager of a business account. They are the contact point between customer and company. They do customer support, technical support , planning, and enhancing the account. […]

A numeric or alphabetic code that identifies an account holder and the account records. AKA account code.

How an owner of a breached copyright is paid for their loss. They can sue the offendor for the profits gained.

A party who wants a letter of credit to help another party. A finance company is called the applicant and the importer the account party . AKA accountee or applicant.

Words placed on a check making sure its paid to the correct account. This protects against fraud.

A practice of comparing statement records to prevent error and profit loss.

On a statement the balance of the previous months statement.

A firm’s summary operations over time. Key elements and measurements are in it so make the financial picture clearer.

The money that two parties agree on in small claims court .

The summary of transactions on an account with a customer over the last period of time. AKA statement of account and bank statement .

A code an account is given to show its general purpose. It can be savings, checking, or brokerage for example.

When a trustee must report all asstes entrusted to them. It is done even if the rules are followed to ensure honesty.

When one party must report its activities and take responsibility for them. It is done to keep them honest and responsible .

A table used to report on a project that shows everything done and ordered. It makes sure all things are done in proper order and is completed. AKA responsibility matrix.

This party is assigned responsibilities and is in charge of the account in question.

An official document with value that must be accounted for.

A plan where employees who are given a sum of money are expected to use it for expenses and return the rest. Their taxable income is the same.