selfref For information on user accounts at Wikipedia, see Wikipedia Why create an account? wiktionary accountAccount may refer to A report An account accountancy account in accounting Accounts at banks and or other financial institutions. Deposit account Personal account Sweep account Transactional account User computing User account The means by which a user can access a computer system , or used on e mail addresses Accounts is a British term for financial statements . disambig be x old cs et rozcestn k da Konto de Conta gl Conta id Akun nl Account pl Konto pt Conta ru simple Account sk et sh Ra un uk ... more details
The Statement may refer to The Statement novel The Statement novel , a 1995 novel by Brian Moore The Statement film The Statement film , a 2003 film by Norman Jewison, based on Brian Moore s novel See also Statement disambiguation Disambiguation ... more details
Wiktionary Statement may refer to A kind of Expression language expression in language linguistics Statement logic , declarative sentence that is either true or false Statement programming , the smallest standalone element of an imperative programming language Statement song Statement song , 2008 song by the Japanese band Boris Statements album Statements album , 1962 album by jazz vibraphonist Milt Jackson Financial statements , formal records of the financial activities of a business, person, or other entity Mathematical statement , a statement in logic and mathematics Political statement , any act or nonverbal form of communication that is intended to influence a decision to be made for or by a group Press statement , written or recorded communication directed at members of the news media Statement of Special Educational Needs , outlining specific provision needed for a child in England This is commonly referred to as a statement , and a child with a statement as statemented Paper size Other sizes a paper size also known as organizer L or half letter See also Sentence linguistics , words grouped meaningfully to express a statement, question, exclamation, request or command Theme music , a statement in music The Statement disambiguation disambiguation Category Statements sn Zvakadudzwa de Statement ckb fi V itt m ... more details
Bank secrecy Bank statement Chart of accounts Financial privacy International Bank Account Number Society ...A bank account is a financial account recording the financial transactions between the customer and the bank and the resulting financial position of the customer with the bank. Citation needed date April 2010 Account types Bank accounts may have a positive, or debits and credits credit balance, where the bank owes money to the customer or a negative, or debits and credits debit balance, where the customer owes the bank money ref http www.businessdictionary.com definition debit balance.html ref . Broadly, accounts opened with the purpose of holding credit balances are referred to as deposit account s whilst accounts opened with the purpose of holding debit balances are referred to as loan account s. Some accounts are defined by their function rather than nature of the balance they hold. Bank accounts designed to process large numbers of transactions may offer credit and debit facilities and therefore do not sit easily with a polarised definition. Other account types multicol Automatic transfer service account Individual Savings Account Joint account Low cost account Money market account multicol break Numbered bank account Negotiable Order of Withdrawal account Nostro and vostro accounts Overdraft Free Account Personal account multicol break Savings account Thrift or Non transactional account Time deposit certificate of deposit Transactional account Tax Exempt Special Savings Account Transaction deposit multicol end No Frill Account Senior Citizen Account mula account Neutral Consumer Information Canada Ref improve section date September 2007 The Government of Canada maintains a database of the fees and features of bank account packages offered by various financial institutions ... acfc.gc.ca eng consumers ITools CoB default.asp ref that allows consumers to compare various bank account ... banking DEFAULTSORT Bank Account Category Banking ar be x old cs Bankovn ... more details
Image SampleBankbook.png 200px right thumb A passbook , the traditional record of savings account transactions clearright Banking Savings accounts are accounts maintained by retail financial institution s that pay interest but cannot be used directly as money for example, by writing a check . These accounts let customers set aside a portion of their liquid assets while earning a monetary return. For the bank, money in a savings account may not be callable immediately and therefore often does not incur a reserve requirement freeing up cash from the bank s vault to be lent out with interest. The other major types of deposit account are transactional account transactional checking account , money market account , and time deposit . Regulation Disputed section date May 2010 In the United States, under Regulation D FRB Regulation D , 12 Code of Federal Regulations CFR 204.2 d 2 , the term savings deposit includes a deposit or an account that meets the requirements of Sec. 204.2 d 1 and from under the terms of the deposit contract or by practice of the depository institution , the depositor is permitted or authorized to make up to six transfers or withdrawals per month or statement cycle of at least four weeks. The depository institution may authorize up to three of these six transfers ..., because of concerns relating to potential tax evasion . Account holders must either pay the withholding tax or disclose account holder information to relevant tax authorities. ref cite news title ... accessdate 28 November 2010 ref Costs Withdrawals from a savings account are occasionally ... being performed on a demand current deposit account. However, most saving accounts do not limit withdrawals ... involve a service charge, or even a downgrade of the account to a checking account. With online accounts ... the online account to a brick and mortar bank where it can be easily accessed. During the period between ... Use dmy dates date August 2011 DEFAULTSORT Savings Account Category Banking Category Interest bearing ... more details
Citation style date February 2011 Under United States law, account stated is a statement between a creditor ... ref An account stated may also be established when the debtor retains the statement of account ... transactions that a particular amount is owed to the creditor as of a certain date. Often the account ... section 26 West 2007 . ref An account stated is in the nature of a kind of settlement between the parties, such as when a person receives a bank statement , is capable and even obligated to check the math within a specified period of time, otherwise the account as between the parties is thus stated ... and historic context of account stated as follows quote Persons who carry on business with each other often have a series of transactions constituting an open running account with various items of debit ... by the presentation of drafts or statements of account. ref Corbin, 1303 at 234. ref Elements The elements of account stated are 1 prior Financial transaction transactions between the parties which ... Am. Jur. 2d Accounts & Accounting section 26 West 2007 . ref When a creditor Lawsuit sues for account ... pay, which on its surface is less complicated than claiming a debt is due and payable. An account ... on the state. In other states, such as Washington state , account stated is generally asserted ... 1938 . Courts in those states characterize account stated as being merely a defense or a doctrine that prevents ... by the parties. An account stated has been defined as an agreement between parties who have had previous transactions that the account representing those transactions is true and that the balance stated ... v. Olsen, 189 Ill.App.3d 508, 514, 545 N.E.2d 379 1st Dist. 1989 . ref An account stated is merely ... Nevertheless, even where account stated is recognized as a cause of action in and of itself, defenses such as fraud or mistake may still be asserted to the account stated, as with any settlement of parties to complex transactions. In situations where no account has been proven as stated, or where ... more details
to the revenue statementaccount Profit and Loss Account or Income and Expenditure Account ..., which are also transferred to the revenue statementaccount. The net positive or negative balance profit or loss of the revenue statementaccount is transferred to reserves or capital account as the case ...Accounting Accounting is a systematic way to record transactions. An Account in bookkeeping refers to assets , Liability financial accounting liabilities , income , expenses , and Equity finance equity , as represented by individual ledger pages, to which changes in value are chronologically recorded with debits and credits debit and credit entries. These entries, referred to as postings, become part of a book of final entry or general ledger ledger . Examples of common financial accounts are cash , accounts receivable , mortgages , loans , PP&E , common stock , sales , Service economics services , wages , and payroll . A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of recording, verifying, and reporting such information is called accounting . Practitioners of accounting are called accountants . ref John Downes, Jordon Elliot Goodman, Dictionary of Finance and Investment Terms 1995 Barron Fourth Edition ISBN 0 8120 9035 7 page 3 ref Types of accounts Based on nature An account may be classified as real, personal or as a nominal account class wikitable Type Represent Examples Real Physically tangible things in the real world and certain intangible things not having any physical existence Tangibles Plant and Machinery, Furniture and Fixtures, Computers and Information Processing Equipment ... of accounts at the end Sales, Purchases, Electricity Charges Example A sales account is opened for recording ... on account of the Entity concept , since for the objective analysis of the financial results ... reflist DEFAULTSORT Account Accountancy Category Accounting terminology da Konto regnskab ... more details
Banking A transactional account is a deposit account held at a bank or other financial institution , for the purpose ... of times, subject to availability of funds. Name A transactional account is known as a checking account or chequing account in North America , ref U.S. and Canadian spelling, respectively see further at Cheque Etymology and spelling Etymology and spelling . ref and as a current account or cheque account in the United Kingdom , Hong Kong and some other countries. Because money is available on demand it is also sometimes known as a demand account or demand deposit account . History In Holland ... an account against which they could write checks. In the eighteenth century in England, preprinted ... offer itemized lists of all financial transactions, either through a bank statement or a passbook . A transactional account allows the account holder to make or receive payments by ATM card s withdraw ... pre authorized debit Electronic funds transfer s transfer funds electronically to another account giro ... International account to account transfer. Online banking transfer funds directly to another person ... is the traditional mode of payment for a transactional account. Certain modes of payment are country ... of a chequing account. An account holder may either apply for a permanent one, or the financial institution ... accounts. Historically, this restriction was frequently circumvented by either creating an account type such as a Negotiable Order of Withdrawal account NOW account which is legally not a chequing account ... trend banks had typically established minimum account balances rather than maximum account balances ... limiting the interest expense associated with each account. The first maximum balance, high interest chequing account was offered in 2003 by a small community bank in New Mexico, Pioneer Bank . In 2004 ... cost savings behaviors, as a Reward Checking account. Other imitators rapidly followed. By 2010 ... Main Overdraft An overdraft occurs when withdrawals from a bank account exceed the available balance ... more details
Unreferenced auto yes date December 2009 A suspense account is an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions cash receipts, cash disbursements & journal entries entered with invalid account numbers. The account specified may not exist, or it may be deleted frozen. If one of these conditions exist, the transaction should be directed to a suspense account. In branchless banking BB banking through mobile for unbanked these accounts are used for money in transit . For example, sender sends payment from US ACH account to a BB mobile number in Japan. The customer receives an alert on their mobile to withdraw this money from any BB agent. Until they withdraw, the remittance stays in the suspense account, earning the financial institute or the BB enabler float interest on that money. When customer withdrawal completes, the money moves from suspense account to the agent s account who facilitated the cash withdrawal. A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account. See also Accountancy DEFAULTSORT Suspense Account Category Generally Accepted Accounting Principles Accounting stub de CpD Konto ... more details
Multiple issues orphan May 2009 unreferenced May 2009 A Clearing account is usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary account containing revenue and expense amounts to be transferred to retained earnings at the close of a fiscal period. Category Accountancy business stub ... more details
Orphan date February 2009 Context date October 2009 A custodial account is a financial account set up for the benefit of a Beneficiary trust beneficiary , and administered by a responsible adult, known as a custodian who has a fiduciary obligation to the beneficiary. In one form, a custodial account is an account set up for a Minor law minor , because the minor is under the legal age of majority . The custodian is often the minor s parent. A custodial account can be a bank account or a trust fund or a brokerage account. This type of account usually come with a Coverdell ESA Form a tax advantaged contract. It deals with successor rights and other contract conditions depending on who issues the form. In another form, a custodial account is a trust account owned by an individual or institution, managed by a named party for purposes of rapid distribution of funds in that account. This is commonly used for petty cash, or for transactions that have very limited and clearly defined payees and transaction types. For example, law firm accounting includes trust accounts for disbursing funds entrusted to the law firm by each client for the client s benefit. References http definitions.uslegal.com c custodial account Legal Definition See also Trust law Category Personal finance Finance stub ... more details
Joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can withdraw from the account and deposit to it. Usually, joint accounts are shared between close relatives or business partners. Joint accounts are often created in order to avoid probate . ref cite book last Clifford first Denis title Plan Your Estate edition 9 isbn 1413307612, 9781413307610 url http books.google.com books?id Xw GI0b5mBMC&pg PA166&dq joint Account ref If two individuals open a joint account and one of them death dies , the other person is entitled to the remaining balance and liable for the debt of that account. Sometimes a temporary joint account is opened by two parties entering into a transaction where one party needs a security for the fulfilment of the transaction and the other party has to pay the sum deposit , being the security for the other party. Any payment from the joint account or return of the deposit from the joint account, will only be possible if both parties sign a joint written instruction to the bank. It is not possible that only one of the both parties gives instruction for payments of the joint account. citation needed date October 2009 Because European banks are not very interested in opening temporary joint accounts, as they are normally used for one transaction only, there are specialised parties or companies taking care of such accounts as trustees. A good example is foundation Joint Account Shiptrade . This foundation is holding big deposits and payments for buyers and sellers of ships. A temporary joint account is normally closed after the transaction for which it was opened has been concluded. Temporary joint accounts are used in transactions in which large sums of money are involved as an alternative to letters of credit or escrow accounts. citation needed date October 2009 See also Current account Savings account Transactional account References references DEFAULTSORT Joint Account Category Banking ... more details
Account number may refer to A number used to identify a bank account Bank card number , the primary account number found on credit cards and bank cards International Bank Account Number , an international standard for identifying bank accounts across national borders National identification number , a number used by the governments of many countries as a means of tracking people for the purposes of work, taxation, government benefits, health care, and other governmentally related functions Disambig ... more details
Citations missing date January 2008 Globalize date May 2010 discuss Talk Merchant account Globalize A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant ... retail outlets. A merchant account provider is typically a separate company from the payment gateway. Some merchant account providers have their own payment gateways but the majority of companies ... added to the basic fees or be forced into a non qualified transaction category. Merchant Account ... needed date July 2011 Rates and fees A Merchant Account has a variety of fees, some periodic, others charged on a per item or percentage basis. Some fees are set by the merchant account provider , but the majority of the per item and percentage fees are passed through the merchant account provider ... Pricing, the merchant account provider groups the transactions into 3 groups tiers and assigns a rate ... credit card and process it in a manner defined as standard by their merchant account provider using ... costs, so the merchant account providers do make a markup on these rates. The use of rewards cards ... a qualified rate and can cost the provider much more in interchange costs, so the merchant account ... merchant account services priced on an interchange plus basis. These accounts are based on the interchange ... concept is that the merchant pays interchange on the statement that the transactions took place and then pay all other fees, like dues, fees and assessments, etc. on the next month s statement. It requires ... fee or Per Item fee. Statement fee The statement fee is a monthly fee associated with the monthly statement that is sent to the merchant at the end of each monthly processing cycle. This statement .... Many times, the statement fee is not directly linked to paper statements but rather general ... statement. Monthly minimum fee The monthly minimum fee is a way to ensure that merchants pay a minimum ... more details
In accounting , the controlling account small UK small control account also known as adjustment account ref http lexicon.ft.com term.asp?t control account control account definition in Financial Times lexicon ref is an account in the general ledger for which a corresponding subledger subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail. Individual transactions are posted both to the controlling account and the corresponding subsidiary ledger, and the totals for both are compared when preparing a trial balance to ensure accuracy. For example, Accounts Receivable is the controlling account for the Accounts Receivable Subsidiary Ledger. In this subsidiary ledger, each credit customer has their own account with their own balance. Thus, while the Accounts Receivable balance can report how much the company is owed, the Accounts Receivable subsidiary ledger can report how much is owed from each credit customer. Other examples of controlling accounts and their subsidiary ledgers include Accounts Payable accounts payable subsidiary ledger and Equipment equipment subsidiary ledger . ref name isbn0 324 65913 X cite book author Jones, Jefferson Nikolai, Loren A. Bazley, John D. title Intermediate Accounting publisher South Western College Pub location Cincinnati, Ohio year 2009 page 102 isbn 0 324 65913 X oclc doi accessdate ref References reflist Category Accounting systems ... more details
Unreferenced stub auto yes date December 2009 A separate account is a segregated accounting and reporting account accountancy account held by an insurance company not in or separate from its general account . A separate account allows an investor to choose an investment category according to his individual risk tolerance, and desire for performance. An account may be a generic conservative or aggressive investment allocation, or a specific mutual fund type account. Some offshore companies allow the account owners to specify the type of separate account to open. Separate accounts in the U.S. markets are often characterized as either managed or non managed. A managed separate account is synonymous to a mutual fund in the sense that the investments of the separate account are actively managed such as stocks, bonds or other debt instruments, loans, derivative instruments, etc. . A non managed separate account is one that invests more passively in that it typically owns shares of other managed pools of investments such as mutual fund shares. This is similar to a fund of funds whereby the separate account fund simply invests in shares of one or more mutual funds. This arrangement is sometimes more efficient and cost effective rather than the insurance company maintaining many separate accounts with similar baskets of securities. Separate accounts are sometimes confused with separately managed account s SMAs , which are privately managed investment accounts opened through a brokerage or financial adviser that uses pooled money to buy individual assets. These differ from mutual funds because the investor directly owns the securities instead of owning a share in a pool of securities. Most SMAs require a minimum investment of 100,000 or more. DEFAULTSORT Separate Account Category Insurance Econ stub ... more details
Image The One account.png right The One account Ltd is single brand subsidiary financial services company ... as the Virgin One account and promoted to Virgin Direct s 200,000 strong UK customer base. The launch ..., the company relaunched as The One account when The Royal Bank of Scotland took a majority shareholding ... . Distribution One account products are sold directly by phone, internet and post. They are also distributed through intermediaries mortgage broker s and Independent Financial Adviser s. Current Account Mortgages The type of offset products offered by The One account are called Current Account Mortgage ... current accounts, personal loans and, if desired, their saving accounts into one account. A low, mortgage style interest rate is charged on the net balance of the account on a daily basis. Since customers pay their salary into the account this money has the effect of reducing the average balance ... rate used to vary with the Bank of England base rate, however in recent months the One Account interest ... rate had not increased. The One account vaunts the flexibility afforded by current account ... would be better off with a One account. Industry accolades In June 2002, The Virgin One account scooped both Best Mortgage provider and Best Current Account provider at the Guardian Observer Consumer Finance awards. In the following year, The One account was awarded Best Mortgage Provider for the 3rd year running at The Guardian Observer Consumer Finance Awards, Best Current Account and Offset Mortgage Provider at the Moneyfacts Awards, Best Current Account Mortgage at the Your Mortgage Awards ... Current Account Mortgage from Mortgage Magazine in 2005 and 2006, Best Current Account Mortgage from Your Mortgage Magazine in 2005, and in 2006 The One account was voted the Best Current Account and Offset Mortgage Provider by Moneyfacts . External links http mortgages.oneaccount.com The One account ... Account, The Category Royal Bank of Scotland Group Category Banks of the United Kingdom Category Companies ... more details
unreferenced date June 2009 A general account generally refers to the combined or aggregate investments and other assets of an insurance company available to pay claims and benefits to which insured s or policyholders are entitled. The general account may also be considered everything that is not represented by a separate account s of the firm, if such separate account has been established by the company. Should a firm have no separate accounts, then its only account is the general account. The term should not be thought of narrowly in terms of a bank account or general ledger account, but rather the broader concept introduced in the first sentence. Policyholders of insurance policies that are not associated with separate accounts do not have a legal or other direct interest or right to the assets or investments of the insurance company s general account but rather these obligations for benefits or claims are general obligations of the company. In this case, policyholders are subject to credit risk of the insurance company that is, should the insurance company fail or go bankrupt, the claims or cash values of policies are not directly backed or collateralized by the company s investments and other assets. In the U.S., state insurance departments examine audit insurance companies to evaluate many things, principally to see if the company is sound and policyholder interests are protected. A.M. Best is an example of an insurance rating agency who evaluates and rates many companies on various factors such as financial strength, claims paying and other policyholder servicing experiences. econ stub Category Insurance terms ... more details
A wrap account or wrap service is a means of consolidating and managing an investor s investment portfolio finance portfolio and financial plans online. Wrap fee services are offered by many financial instutions. Often wrap services are offered for a fee or a series of charges. These charges cover all administrative and management costs. This type of service is what is also known as an investment platform or financial platform service. Wrap services originated in Australia and New Zealand and then came to the UK in about 2000. As of 2010 , approximately 110 billion of assets are held on wrap services in the UK. https www.transact online.co.uk Transact was the first Wrap service to come into the UK market approximately 11 years ago. With the forthcoming RDR Retail Distribution Review being undertaken by the Financial Services Authority FSA in the UK more investors are likely to move their investments onto Wrap Services by the end of 2012 if they have a financial adviser. The better Wrap services or accounts usually enable investors usually with the advice of a financial adviser to select from an extensive range of UK and offshore funds and assets including unit trusts, OEICS, investment trusts, equities, cash, structured products, external fund managers and other investment products. The service can then be used to allocate these assets seamlessly to the most appropriate tax wrappers including ISAs and pensions plans. Both investors and advisers can then view a holistic picture online of the complete Portfolio all in one place, from anywhere in the world 24 7. The potential benefits to investors are They only have one counter party to deal with. Saving a lot of time dealing with a diverse range of fund managers, financial institutions and other product providers Investors can view their entire Portfolio all in one place, enabling them to keep track of their current ... a single consolidated annual tax statement, comprehensive six monthly statements, documentation of all ... more details
About the macroeconomic current account day to day bank accounts Current account banking Cleanup date March 2011 File Cumulative Current Account Balance.png thumb 400px small Cumulativity Cumulative Current Account Balance 1980 2008 US Billions based on the International Monetary Fund data small In economics , the current account is one of the two primary components of the balance of payments , the other being the capital account . The current account is the sum of the balance of trade exports minus ... payments such as foreign aid . The current account balance is one of two major measures of the nature of a country s foreign trade the other being the net capital outflow . A current account surplus increases a country s net foreign assets by the corresponding amount, and a current account deficit ... the current account because goods and services are generally consumed in the current period. ref name .... Positive net sales abroad generally contributes to a current account surplus negative net sales abroad generally contributes to a current account deficit . Because exports generate positive net sales, and because the trade balance is typically the largest component of the current account, a current account surplus is usually associated with positive net exports. This however is not always ... account, a sub account of the current account, is usually presented under the headings income payments ... investments made abroad note investments are recorded in the capital account but income from investments is recorded in the current account but also to the money sent by individuals working abroad, known as remittances , to their families back home. If the income account is negative, the country is paying ... account are linked to specific respective subcategories in the capital account, as income is often composed .... From the capital account, economists and central banks determine implied rates of return on the different ... of balance of payments, the current account equals the change in net foreign assets . A current ... more details
Unreferenced date December 2006 Orphan date October 2008 A layered account is a form of qualitative research qualitative social research in which the researcher writes from more than one voice and is informed by several layers of consciousness. First proposed by Carol Rambo Ronai, a layered account intentionally blurs the boundaries between social research and art. See also Autoethnography DEFAULTSORT Layered Account Category Qualitative research Sociology stub ... more details
A revolving account is an account created by a lender to represent debt s where the outstanding balance does not have to be paid in full every month by the borrower to the lender. The borrower may be required to make a minimum payment, based on the balance amount. The most common example of a revolving account is a credit card . Credit cards Category Credit card terminology money stub ... more details
An account manager is a person in a business who is responsible for the management of the sales and relationship with particular customer s. They are usually allocated particular customer account s, especially key accounts that provide the most business. Responsibilities The responsibilities of an account manager vary depending on the nature of the business. The account manager builds client relationship by acting as the interface between the customer service teams and sales teams within a company. The goal is to maintain the company s existing relationship with a client or group of clients, so that they will continue using the company for business. The account manager also tries to identify potential new clients and business opportunities and to persuade new customers to place business with the company. Account managers are responsible for working with clients to identify their needs and work out how the company can best meet those requirements, in order that the client does not decide to place business elsewhere. Normally an account manager looks after existing customer customers called ... of the company, account managers might manage a single account or they may have a variety of clients. An account manager might have responsibility for an account at national level or at global level. Global account managers and national account managers may work together in a hierarchical ... account manager Key account management includes sales but also includes planning and managing the full relationship between a business and its most important customers. An account manager who works in this role .... ref citation url http books.google.co.uk books?id YutAr0bk2OUC&pg PA294 title Key Account Plans ... goods Key account management model The basic assumption for a key account management model is the correct .... De Blick synthesized the adaptations into the 4S model, which is at present the dominant key account ... and financial operations occupations marketing stub cs Account manager nl Accountmanager ... more details
A personal account is an account for use by an individual for that person s own needs. It is a relative term to differentiate them from those accounts for corporate or business use. The term personal account may be used generically for financial accounts at banks and for service accounts such as accounts with the phone company, or even for e mail accounts. Banking In banking in the United States of America United States , personal account refers to one s account at the bank that is used for non business purposes. Most likely, the service at the bank consists of one of two kinds of accounts or sometimes both a savings account and a checking account . Banks differentiate their services for personal accounts from business accounts by setting lower minimum balance requirements, lower fees, free checks, free ATM usage, free debit card Check card usage, etc. The term does not apply to any one service or limit the banks from providing the same services to non individuals.personal account can be classified into three categories 1Persons of Nature.2.Persona of Artificial Relationship.3.Persons of Representation. At the turn of the 21st century, many banks started offering free checking, a checking account with no minimum balance, a free check book, and no hidden fees. This encouraged Americans who would otherwise live from check to check to open their personal account at financial institutions. For businesses that issue corporate checks to employees, this enables reduction in the amount of paperwork. Finance In the financial industry, personal account usually PA refers to trading or investing for yourself, rather than the company one is working for. There are often restrictions on what may be done with a PA, to avoid conflict of interest. References unreferenced date September 2007 references External links http www.fsa.gov.uk Financial Services Authority http www.financial ombudsman.org.uk Financial Ombudsman Service http www.bankingcode.org.uk Banking Code Standards Board http ... more details
A canonical account or built in account , in the context of computer software and systems, is an account that is included by default with a program or firmware . Such accounts usually also have a default password and may have certain access rights by default. As such accounts and their password and permissions are usually common knowledge, given that anyone possessing a copy of the software, the device or their documentation will likely know of the account, a common security measure is to change the account s password and to double check or modify the groups if any it is included in, or simply disable or delete it if it is not required. Examples Zyxel routers typically have admin as their default firmware administration account and 1234 as the default password . The password can and should be changed as soon as possible. Microsoft Windows 2000 and Windows XP XP , and possibly other versions, have an account named Guest by default, which has no password and grants a very basic access to the operating system. Even though it is disabled by default, some administrators may choose to activate it, change the password and disable it once more for good measure. This account cannot be deleted. If not blank, canonical passwords are usually simple and may often be A simple sequence 1234 , 4321 , abcd The same as the account if the account is bob , the password will also be bob A word relating to the account or software support , finance , windows Simply password , pass External links http www.phenoelit.de dpl dpl.html Default Router Password List http www.helith.net projects alecto Alecto Default Password List Project Windows software stub Category Windows software Category Password authentication ... more details
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