Business Terms and Jargon Explained

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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Contingent Beneficiaries AVC Unconscionable
National Insurance (NI) Open Economy Sanction
Sub silentio Balloon Payment Assignee
DNO Retained earnings
Madrid Protocol Litas Executor
Legacy Payer AIM shares
Puisne Judge Deep pockets Holdover Tenancy
Marketing Plan General Partnership Remote Access
N122 Civil Court form Golden Handcuffs Biweekly
N150 Civil Court form Self-Billing Sub nomine
Voluntold Beneficial Owner N121 Civil Court form
Executor-dative United Kingdom Pro tanto
Income Protection Policy Job production War Chest

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

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