Welcome to the 1520 Perfect Dictionary
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| Deposit account | |
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| DEPOSIT ACCOUNT Definition: (British English) A type of account at a bank or building society that pays interest on money that is left in it. ______________________________________________________________________ * All nine elements would be in. 1. Purposeful and considered a necessity to maintain this particular type of account. 2. Funds lodged and left in account are from legitimate source(s). 3. Details of account holder(s) are current, correct and complete. 4. Interest rate applying - whatever the tenure or amount - is very competitive: 'unbeatable'. (Connect to #5.) 5. Rate is negotiated with account owner(s) and/or he/she/they are timely informed, and approve, of rates, changes, etc. applying. 6. No undue benefit, such as a brokerage, etc. goes to the account officer from transactions concluded on account. 7. Deductions (= charges, tax, commissions, etc.), if any, levied on account do not wipe out the gains on 'earned' interest. 8. Account is well maintained by the bank/building society. 9. Serves purpose(s), especially for the account owner(s). ________________________________ See perfect COMMERCIAL BANK. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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