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Finance Dictionary and Glossary of Investment Terms
In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented.In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. See: Account executive; account statement.
1. A statement of indebtedness for goods or services from one person to another.2. An account maintained by a bank to preserve a depositor's money or securities.