sam account definition finance
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- A time-tested investment strategy. Strategic Asset Management (SAM) is a fee-based investment advisory program, providing you with a customized investment portfolio developed in conjunction with your AXA Advisors financial professional.
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- A transaction account or demand deposit account is a deposit account held at a bank or other financial institution which is available to the account owner on demand and is available for frequent and immediate access by the account owner or to others as the account owner may direct.
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Savings account Savings account. A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
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What is a 'Brokerage Account' DEFINITION of 'Brokerage Account'. An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf.
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account ACCOUNT, practice. A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2. Every one who administers the affairs of another is required at the end of his administration to render an account of his management of the same.
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account 7 part or behalf (only in the phrase on one's or someone's account). 8 (Finance). a a business relationship between a bank, department store, stockbroker, etc., and a depositor, customer, or client permitting the latter certain banking or credit services.b the sum of money deposited at a bank. part or behalf (only in the phrase on one's or someone's account). 8 (Finance). a a business relationship between a bank, department store, stockbroker, etc., and a depositor, customer, or client permitting the latter certain banking or credit services.
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- DEFINITION of 'Checking Account'. A transactional deposit account held at a financial institution that allows for withdrawals and deposits. Money held in a checking account is very liquid, and can be withdrawn using checks, automated cash machines and electronic debits, among other methods. transactional deposit account held at a financial institution that allows for withdrawals and deposits. Money held in a checking account is very liquid, and can be withdrawn using checks, automated cash machines and electronic debits, among other methods.
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- bank account. an account with a bank. balance standing to the credit of a depositor at a bank.
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Exercise and Physical Therapy Exercise and Physical Therapy. Research has shown that regular exercise benefits people with Parkinson’s disease. Aerobic exercise increases oxygen delivery and neurotransmitters to keep our heart, lungs, and nervous system healthy.
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deposit account deposit account - a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest. time deposit account. savings account - a bank account that accumulates interest. Translations. deposito vincolatogiacimento.
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- http%3a%2f%2fwww.morningstar.com%2fInvGlossary%2fGlossary.aspx%3fterm%3dwrap_account_definition_what_is. Wrap Account. An investment relationship where clients invest in one or more money managers and the administrative and management fees and commissions are wrapped into one fee, usually paid quarterly. The wrap fee varies according to the amount of invested assets.
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DEFINITION of 'Adjusted Debit Balance' DEFINITION of 'Adjusted Debit Balance' The amount in a margin account that is owed to the broker, minus profits on short sales and balances in a special miscellaneous account (SMA). The adjusted debit balance aids an investor in knowing how much he/she owes in the event of a margin call. Under Regulation T, one can borrow up to 50% of the purchase price of securities on margin. The amount in a margin account that is owed to the broker, minus profits on short sales and balances in a special miscellaneous account (SMA).
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Bank account A bank account can be a deposit account, a credit card account, or any other type of account offered by a financial institution, and represents the funds that a customer has entrusted to the financial institution and from which the customer can make withdrawals.
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allowance for doubtful accounts On financial statements, it is important to note that an allowance for bad debts exists for fiscal conservatism and not because one expects a large amount of bad debt to accumulate. An allowance for doubtful accounts is also called a cushion. Banks call these funds the loan loss reserve. See also: Savings account.
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Wrap account wrap account. A special investment account in which all of the account's assets are entrusted to a professional money manager. All expenses relating to the account, including professional advice and commissions, are wrapped into a single annual fee that generally ranges from 1 to 3% of the total market value of assets in the account.
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Meaning of âstatement of accountâ in the English Dictionary statement of accountnoun [ C ] uk ​ us ​ plural statements of account. › ACCOUNTING, COMMERCE a list that a company sends to a customer of the money that the customer has paid for goods or services and the money that they still owe: The invoice had not been on direct debit, and had become the subject of a statement of account.
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What is CLEARING ACCOUNT? An account that temporarily holds costs until these costs can be moved elsewhere. For example, a clearing account to hold monies and costs while completing year-end fiscal calculations used by a firm. When the firm has finished its processing, having placed monies and costs in the clearing account, the firm can then move the total amount to the firm's net earnings.
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account 1 a business relationship between a bank, department store, stockbroker, etc, and a depositor, customer, or client permitting the latter certain banking or credit services. 2  the sum of money deposited at a bank. 3  the amount of credit available to the holder of an account.  a record of these.
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Revolving account Revolving account. A revolving account is an account created by a lender to represent debts 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.
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savings account See more synonyms on Thesaurus.com. noun. 1. a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.
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Clearing account 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. clearing account is usually a temporary account containing costs or amounts that are to be transferred to another account.
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Definition of 'Bridge Loan' Definition of 'Escrow Account'. Tweet. An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.Definition: An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.weet. An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.
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- Accounting Services Handbook. Types of Accounts. 1 | Page. Section 02.01. TYPES OF ACCOUNTS. The FAMIS accounting system uses accounts to track accounting information. An account is a functional unit, identified by an account number that serves a particular accounting purpose where one person has primary. responsibility for it.
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The temporary account A temporary account is an account in which transactions are accumulated for one accounting year, after which the account is zeroed out and used again in the next accounting year to accumulate a new set of transactions.
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Deposit account A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.
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The OCIP or Wrap Policy The OCIP or Wrap Policy. Owner controlled insurance programs (OCIPs) or contractor controlled insurance programs (CCIPs), commonly referred to as “wraps,” that have been traditionally used for large, commercial projects with construction costs of $50 million or more now are being used for all sizes of residential construction projects.