- statement savings account
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a savings account in which transactions are confirmed periodically by a bank statement. Cf. passbook savings account.
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Universalium. 2010.
statement savings account
Look at other dictionaries:
statement savings account — a savings account in which transactions are confirmed periodically by a bank statement. Cf. passbook savings account … Useful english dictionary
statement savings account — A savings account which does not provide the depositor with a passbook. Instead, the depositor receives a monthly or quarterly statement from the bank. American Banker Glossary … Financial and business terms
Savings account — Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while… … Wikipedia
passbook savings account — noun a savings account in which deposits and withdrawals are recorded in the depositor s passbook • Hypernyms: ↑savings account * * * a type of savings account in which transactions are entered into a passbook in the possession of the account… … Useful english dictionary
passbook savings account — a type of savings account in which transactions are entered into a passbook in the possession of the account holder. Cf. statement savings account. * * * … Universalium
Linked Savings Account — Any type of bank savings account that is linked by account number to a NOW or checking account. These are offered for the convenience of the customer, who can keep the majority of the funds in the savings account and move money over into the… … Investment dictionary
account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… … Black's law dictionary
account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… … Black's law dictionary
account — /euh kownt /, n. 1. an oral or written description of particular events or situations; narrative: an account of the meetings; an account of the trip. 2. an explanatory statement of conduct, as to a superior. 3. a statement of reasons, causes, etc … Universalium
