Savings Account - Law Dictionary Search Results

Savings account

Matched in: Term Savings account

under s. 33 of the (English) Friendly Societies Act, 1829 (10 Geo. 4, c. 56); and those of Savings Banks under s. 4, para 6, of the (English) Trustee Savings Banks Act, 1863, and s. 1 of … Audit, an examining of accounts. An audit may be either detailed or administrative, and is usually both. A detailed audit is a comparison

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allowance for bad debts

your accounts receivable will be "bad debts." An "allowance for bad debts" account is kind of like a savings account for bad debts. Your company puts money into it on a periodic basis (usually monthly) as an expense

Public trustee

and see 1st Sch. For the Powers of the Public Trustee in opening accounts in the Post Office Savings Bank, see Post Office Savings Bank (Public Trustee) Act, 1908. Banks and insurance companies of great financial strength … trustee, would be personally liable to discharge (s. 7). By s. 13 an investigation and audit of trust accounts may be made at the instance of any trustee or beneficiary, by some agreed solicitor or accountant, and

individual retirement account (ira)

Matched in: Term individual retirement account (ira)

trust

in this entry revocable trust : a trust over which the settlor has retained the power of revocation savings bank trust : totten trust in this entry shelter trust : bypass trust in this entry simple trust … the trust as a source of support for a divorced spouse with a remainder to someone else bank account trust : totten trust in this entry business trust : a trust that is created for the purpose

IRA

individual retirement account a special type of savings account allowed by law to provide deferred taxation of the interest paid

Bank Deposit Rate

maximum rates at which interest may be paid on different classes of deposits (other than those maintained in savings account or those maintained by charitable or religious institutions) by different classes of scheduled banks in accordance with the

Current rate of interest

the maximum rates at which interest maybe paid on different classes of deposits (other than those maintained in savings account or those maintained by charitable or religious institutions) by different classes of scheduled banks in accordance with the

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