what is a pooled cash account
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- cash pooling. Definition. A cash management technique employed by companies holding funds at financial institutions. Cash pooling allows companies to combine their credit and debit positions in various accounts into one account, and includes techniques like notional cash pooling and cash concentration.
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- The NonProfit Pooled Trust is a special type of trust that allows someone to become financially eligible for public assistance benefits while preserving their resources in trust for supplemental needs.he NonProfit Pooled Trust is a special type of trust that allows someone to become financially eligible for public assistance benefits while preserving their resources in trust for supplemental needs.
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What is pls account? exists and is an alternate of . A PLS account means Prize Linked Savings account. This is where a savings institute such as a credit union or bank awards a grand prize for people who open and/or contribute to a savings account. It works similar to a lottery to encourage people to save. <br /><br /><br />Every time someone contribute to their account they are given a ticket.
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What is a 'Margin Account' DEFINITION of 'Margin Account'. A brokerage account in which the broker lends the customer cash to purchase securities. The loan in the account is collateralized by the securities and cash.
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Money market account For the type of mutual fund, see Money market fund. A money market account (MMA) or money market deposit account (MMDA) is a non-financial account that pays interest based on current interest rates in the money markets.he Depository Institutions Deregulation and Monetary Control Act of 1980 set in motion a series of steps designed to phase in the deregulation of bank deposits, permitting a wider variety of account types and eventually eliminating interest ceilings on deposits.
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- The cash balance in the Fidelity ® Cash Management Account is swept into an FDIC-insured interest-bearing account at one or more program banks. The deposit at the banks is eligible for FDIC insurance and subject to FDIC insurance coverage limits.
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What is a Checking Account? Definition: A checking account is a variety of deposit accounts held by a bank or credit union (financial institution) that allows a customer to deposit and/or withdrawal funds on a normal basis. Checking accounts are considered to be the most liquidvariety of deposit accounts in that the funds are available immediately and are accessible through a variety of withdrawal methods.
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- Petty Cash. Petty cash fund is a relatively small amount of cash that businesses keep on hand for the purpose of small transactions such as providing change to customers, postage expenses, highway tolls etc. In such transactions, the use of checks is time consuming, costly or illogical.
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cash definition cash definition A current asset account which includes currency, coins, checking accounts, and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.)
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What is CDA in banking meaning and use? Making the world better, one answer at a time. CDA is a banking acronym for Controlled Disbursement Account. A CDA bank account is a subsidiary account to a Master account that is manually funded for a specific purpose (i.e.Accounts Payable, Payroll, etc.).aking the world better, one answer at a time. CDA is a banking acronym for Controlled Disbursement Account. A CDA bank account is a subsidiary account to a Master account that is manually funded for a specific purpose (i.e.
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Cash pooling â an introduction Types of cash pool. There are many different types of cash pooling arrangement available. While banks offering cash pooling services take great care to highlight the uniqueness of their offerings, there is often little to distinguish between the services available.
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Petty cash Examples of petty cash controls include a limit (such as 10% of the total fund) on disbursements and monthly audits by someone other than the custodian. Use of petty cash is sufficiently widespread that vouchers for use in reimbursement are available at any office supply store.he bookkeeping entry for this initial fund would be to debit Petty Cash and credit bank account. As expenditures are made, the custodian of the fund will reimburse employees and receive a petty cash voucher with a receipt/invoice attached in return.
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- Based on this we would expect the Earth, as the largest of the Terrestrial planets, to have the highest internal temperatures. Venus, with a slightly smaller mass and size, should have comparable temperatures.
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What is a 'Joint Account' A bank or brokerage account that is shared between two or more individuals. Joint accounts are most likely to be used between relatives, couples or business partners who have a level of familiarity and trust for each other, as this type of account typically allows anyone named on the account to access funds within it.
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- Prize-linked savings account. (Redirected from Prize-Linked Savings Account) A prize-linked savings account or PLSA (also called a lottery-linked deposit account) is a savings account where some of the interest payment on bank deposits is distributed in larger amounts to fewer people according to a periodic lottery.
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liquid asset Liquid asset. Liquid assets are accounts or securities that can be easily converted to cash at little or no loss of value. These include cash, money in bank accounts, money market mutual funds, and US Treasury bills. Actively traded stocks, bonds, and mutual funds are liquid in the sense that they are easy to sell, but the price is not guaranteed and could be less than the amount you paid to buy the asset.
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Prize-linked savings account Prize-linked savings account. A prize-linked savings account or PLSA (also called a lottery-linked deposit account) is a savings account where some of the interest payment on bank deposits is distributed in larger amounts to fewer people according to a periodic lottery.
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Cash Float Accounts Cash Float Accounts. Definition: A bank account specifically set up by a business owner to float money through from Business A to enhance the perceived value of Business B . A business seller with a lot of money--aside from that generated by the business they're trying to sell--may float this money through the operation to make it look like sales. This increases the apparent value of the business for sale and, with it, the purchase price.
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What is 'Petty Cash' Petty Cash. What is 'Petty Cash'. Petty cash is a small fund of cash kept on hand maintained by a custodian for purchases or reimbursements too small to be worth submitting to the more rigorous purchase and reimbursement procedures of a company or institution.
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- Cash pooling has enjoyed renewed inter-. est over the past few years as the fi nan-. cial crisis has raised many fi rms’ interest. in maximizing the availability of internal. sources of capital. This very useful cash. management strategy, particularly when. executed on a global scale, is a proven.
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- Disbursement Voucher. A Disbursement Voucher is a form used to have a check made to pay an individual or an organization. for merchandise sold or services rendered. Types of Disbursement Vouchers. There are four (4) types of disbursement vouchers: 1. Voucher issued as a payment. 2. Voucher issued as a partial payment.
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What is 'Aggregation' What is 'Aggregation'. Aggregation in the futures markets is a principal involving the combination of all future positions owned or controlled by a single trader or group of traders. Aggregation in financial planning is a time-saving accounting method that consolidates an individual’s financial data from various institutions.
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Sweep account In a sweep account. 1  A cash account is set up first and a lump sum of money is deposited into that account. 2  A financial advisor and the client will discuss and determine an average balance that should be kept in this account. Depending on the institution's service, this amount may be pre-determined.
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- DRCP pools database server. processes and sessions (the combination is known as a pooled server), which are shared. across connections from multiple application processes from the same host or from. different hosts. A Connection Broker process manages the pooled servers in the database. instance.
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- A money market account is a savings account that allows a limited number of checks to be drawn from the account each month. Find out how they differ from a regular savings accounts. This ‘MMA’ comes without punches, and higher interest than other bank accounts.
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What is a 'Brokerage Account' Brokerage Account. What is a 'Brokerage Account'. A brokerage account is 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.