assigned account


assigned account
A type of secured transaction whereby an account receivable is pledged to a bank, factor, or other lender to secure the repayment of a loan.

Dictionary from West's Encyclopedia of American Law. 2005.


assigned account
A type of secured transaction whereby an account receivable is pledged to a bank, factor, or other lender to secure the repayment of a loan.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • assigned account — bank account offered by the borrower as a guarantee that he will repay his loan …   English contemporary dictionary

  • assigned account — Pledge of account receivable to bank or factor as security for loan …   Black's law dictionary

  • assigned account — Pledge of account receivable to bank or factor as security for loan …   Black's law dictionary

  • account identifier code — (AIC)  A three digit code that assigns financial transactions to the proper account on the general ledger. Each AIC is assigned a corresponding general ledger …   Glossary of postal terms

  • account management — The planning, implementation, and measurement of customer service activities for assigned customer accounts. This is required to realize postal volume and revenue potential for these accounts …   Glossary of postal terms

  • 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

  • Account identification —  ■ An ISO term.   A series of characters used to identify a customer account or relationship. 28x.   The remitting financial institution s account serviced by the receiving bank. 2*35x.   The identification assigned by the account servicing bank… …   International financial encyclopaedia

  • account number — individual number assigned to all account holders which specifies which account belongs to them (at a bank, etc.) …   English contemporary dictionary

  • Account servicing bank's reference —   An ISO term. The reference assigned by the account servicing bank to identify the transaction. 16x …   International financial encyclopaedia

  • User Account Control — (UAC) is a technology and security infrastructure introduced with Microsoft s Windows Vista operating system. It aims to improve the security of Microsoft Windows by limiting application software to standard user privileges until an administrator …   Wikipedia