client account

client account
A separate account set aside by a professional person who has authority to handle clients' money.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • client account — ➔ account1 * * * client account UK US noun [C] ► BANKING a bank account that a person, business, or organization keeps for a customer in order to keep the customer s money separate from their own: »Solicitors have a duty to account to their… …   Financial and business terms

  • client account — A bank or building society account operated by a professional person (e. g. a solicitor, stockbroker, agent, etc. ) on behalf of a client. A client account is legally required for any company handling investments on a client s behalf; it protects …   Big dictionary of business and management

  • Account planning — is the discipline that brings the consumer into the process of developing advertising. To be truly effective, advertising must be both distinctive and relevant, and planning helps on both counts. Chris CowpeHistoryAccount planning is a job title… …   Wikipedia

  • designated client account — A type of client money bank account whose monies may not be pooled with other general client accounts. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • general client account — A client money bank account for segregated ( segregation) customers. These accounts, unlike designated accounts may be pooled upon default. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • 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 officer —   A financial institution Staff member who looks after one or more client account relationships …   International financial encyclopaedia

  • Account aggregation — is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. This may include a database or may… …   Wikipedia

  • account — ► NOUN 1) a description of an event or experience. 2) a record of financial expenditure and receipts. 3) a service through a bank or similar organization by which funds are held on behalf of a client or goods or services are supplied on credit.… …   English terms dictionary

  • account — [ə kount′] vt. [ME acounten < OFr aconter < a , to + conter, to tell < compter < L computare: see COMPUTE] to consider or judge to be; deem; value vi. 1. to furnish a reckoning (to someone) of money received and paid out 2. to make… …   English World dictionary

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