Terms with Tag Bank Account
- Automatic Payment — Definition,
- An arrangement that authorizes periodic withdrawals to be made from a chequing or savings account to pay bills, usually regular monthly payments such as for rent or mortgages.
- Cheque Book — Definition,
- A book with blank cheques. The cheques may be personalized or non-personalized.
- Cheque Clearing — Definition,
- When you write a cheque to a person or a company, the cheque is typically cashed when deposited into a bank account. Your chequing account is then debited for the amount of the cheque and the cheque is said to have "cleared."
- Cheque Hold — Definition,
- The length of time that a financial institution can legally hold a cheque before crediting a customer's account balance and allowing the customer to use the funds.
- Cheque Register — Definition,
- A book or log where you can record the details of every transaction made in your chequing account.
- Cheques Returned with Statement — Definition,
- Cheques that are cancelled are returned to the account holder in a monthly statement.
- Chequing Account — Definition,
- A bank account that allows quick access to the money in the account.
- General Account (GA) — Acronym, Very Important,
- Investments and assets that an insurer uses for paying benefits and claims.
- High Interest Money Market Account (HIMMA) — Acronym,
- High Yield Money Market Account (HYMMA) — Acronym,
- Insured Money Market Account (IMMA) — Acronym,
- Joint Account (J/A) — Acronym, Important,
- A bank account owned by two or more persons who share equally in the rights and liabilities of the account.
- Money Market Account (MMA) — Acronym,
- A bank account that restricts the type and number of withdrawals. The account also earns interest similar to money market funds.
- Super Yield Money Market Account (SYMMA) — Acronym,
- Tiered Money Market Account (TMMA) — Acronym,
