Business terms and jargon explained. Your business dictionary

What is Joint Account

This is where more than one person is named on a bank account. They all own the bank account. The specific arrangements have to be made as to whether payments instruments must have all signatures or only one or two. In most cases each has a signature limit and above that more signatures are needed. This is common both for individuals and companies.

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Term created / updated 2005-07-16 23:12:15

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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