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Personal account. A personal account is a bank account for use by an individual for that person's own needs. It is a relative term to differentiate them from those accounts for business or corporate use. [1]
A unit of account [1] is a standard numerical monetary unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt.
t. e. A chart of accounts ( COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded ...
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A money market account — or MMA — is a type of savings account that combines high rates of return on your money with a few limited, but useful, benefits of a checking account. These safe ...
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