bank account

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bank account

a contract between a customer and a bank whereby the bank obliges itself to honour cheques up to the amount deposited with the bank or up to an agreed overdraft limit. The overdraft is effectively a loan.
References in periodicals archive ?
The five-year protected FTSE 100 deposit account provides an opportunity to invest in a capital protected product for those advisers seeking a slightly longer-term and more traditional growth payoff for their client base.
Analysis of the fees charged in connection with deposit accounts must, at the very least, account for the distinctions among noninterest checking accounts, NOW accounts, and savings accounts.
Survival analysis of the core deposit accounts is essentially an actuarial study.
Thaweelap Rittapirom said Bangkok Bank is inviting Thai residents to open a 11-month fixed deposit account offering an interest rate of 2.
Current credit and deposit account regulations calculate rates based on an assumed year regardless of the maturity of the transaction.
736 would preempt state laws relating to the disclosure of deposit account information to the extent the state law is inconsistent with the new federal law.