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Account

Definition: A record of financial transactions for any one of a company's assets and liabilities. The word 'account' refers to an indebtedness, not the person owing the indebtedness (called the Account Debtor). Definition: [crh] In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and exDefinition: penses are represented.

In the context of investment banking, refers to the status of securities sold and owned or the relaDefinition: tionship between parties to an underwriting syndicate. In the context of securities, the relationship between a client and a <Definition: A HREF="/?rd=broker">broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. See: Account executive; account statement.

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