General account

General Account
A margin account provided to a customer by a brokerage, in Federal Reserve Board terminology. Regulation T requires that all transactions involving credit given to the customer must be made in a general account.

General Accounting Office (GAO)
Business Dictionary:
General Accounting Office (GAO)
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Accounting
Key Concepts
There is no agreement, for example, on the way that assets should be measured on a bank's balance sheet.

General account
A general account is a deposit account. In the insurance industry, a general account is the account into which all incoming funds, except those designated for a separate account, are deposited.

General Account
Federal Reserve Board term for customer's margin account subject to Regulation T (rules governing credit extensions to brokerage customers for the purchase and short sale of securities).

General account
Federal Reserve Board's term for a margin account provided to a customer by a brokerage firm. Governed by Regulation T of the FED.

General Account - All premiums are paid into an insurer's general account. Thus, buyers are subject to credit-risk exposure to the insurance company, which is low but not zero.

General Account - The general operating bank account of the auction barn. Payroll, as well as all normal operating expenses is written from this account.
Gilt - A female pig that has not born young pigs.

GENERAL ACCOUNT The holdings of a life insurance company that support the contractual obligations that provide fixed-dollar benefit payments. Also see separate account. GENERAL AGENCY DISTRIBUTION SYSTEM See agency distribution system.

General Account - Refers to the assets held by the insurance company to back their obligations for guaranteed or fixed-dollar benefits and contracts. Here, the insurance company is at risk. Compare to Separate Account.

General account
General Agreement on Tariffs and Trade (GATT)
General cash offer ...

general account
general loan and collateral agreement
reverse conversion
...

General Accounting Office. Military Draft: Potential Impacts and Other Issues, Washington, D.C.: The Office, 1988.
Jehn, Christopher, and Zachary Selden. 'The End of Conscription in Europe?' Contemporary Economic Policy 20 (Winter 2002): 101-110.

A general accounting term denoting an amount of money set aside from profits (and not distributed to shareholders as dividends) which is transferred into a special liability account to meet unexpected future expenditure or loss.

G
GENERAL ACCOUNT:  Houses all of an insurance company's assets. Within the account, the insurance company will offer the fixed account option or options that complement the variable annuity separate account choices.

Certified General Accountant (CGA).
Accretion (of a discount):
In portfolio accounting, a straight-line accumulation of capital gains on discount bonds in anticipation of par at maturity.

Written by the GENERAL ACCOUNTABILITY OFFICE, the yellow book sets forth standards to be followed in auditing the FINANCIAL STATEMENTS of entities that receive federal financial assistance.

GAO Acronym for General Accounting Office, which refers to the arm of Congress that... gap The significant price movement of a security or commodity between two trading...

General account
General Accounting Office
General Agreement on Tariffs and Trade
General Agreement on Tariffs and Trade - GATT
General and administrative overhead
General cash offer
General Collateral Financing Trades - GCF ...

United States General Accounting Office, June 30, 2000. Testimony GAO/T-GGD-00-173.
^ District of Columbia Jail: Medical Services Generally Met Requirements and Costs Decreased, but Oversight Is Incomplete.

The General Accounting Office has tallied a total of U.S.-issued credit cards at over 292 million. Issuers are closing accounts, and not just for your cards that you never use -- Discover Card alone is rumored to be closing over two million accounts.

CGA - means Certified General Accountant.
CH - The two-character ISO 3166 country code for SWITZERLAND.
CHAIKIN OSCILLATOR - An oscillator created by subtracting a 10-day EMA from a three-day EMA of the accu...

The General Accountability Office (GAO) tracks how the legislative and executive branches of the government use tax-payer dollars and then reports the findings directly to Congress. The Comptroller General serves as head of the GAO.

Unless separate allowance accounts are kept for bad debt and other types of billing adjustments, a general account that provides for uncollectable revenue is typically preferred.

CGA - Certified General Accountant
CGI - Common Gateway Interface (Internet)
CGI - Computer Generated Images or Computer Graphics Interface (computers) ...

Assets in a company's separate account are not vulnerable to the claims of creditors, as assets in the general account are. But they can be affected by the ups and downs of the marketplace.

Universal life insurance policies' cash values are supported by the insurance company's general account. Universal variable life cash values are supported by the insurance company's separate account based on the selection of the investment option.

GAAP (Generally Accepted Accounting Principles) - Conventions, rules and procedures that define general accounting practices, including both broad guidelines and detailed procedures.

Expenses chargeable to the managerial and policy-making phases of a business. They include General Accounting Expense, etc.
Aging Accounts Receivable
Aging Report ...

Verifying the accuracy of accounting and financial records by a member of the Institute of Chartered Accountants. In some provinces Certified General Accountants and Certified Management Accountants may also act as company auditors.

Statement of accounting policies - Refers to a combination of the definition of the reporting organisation, statement of general accounting policies, statement of particular accounting policies, and a statement of changes in accounting policies.

The amount of money paid by each shipper involved in a General Average.
General account ...

It probably goes without saying that many accountants also work in the governmental sector, whether it be local, state, or national levels. Many accountants are employed at the Internal Revenue Service, General Accounting Office, ...

(Policyholders' investment funds are segregated from the insurance company's general accounts so that they reflect the actual experience of the investments chosen.) Because you decide where your money is invested and bear the risk of those ...

Day Trading: Your Dollars at Risk (Securities and Exchange Commission)
Report of Examinations of Day-Trading Broker-Dealers (Securities and Exchange Commission)
Day Trading Requires Continued Oversight (General Accounting Office) ...

It is not possible, therefore, to give a general account of the progress of agricultural coOperation which would be applicable to every country in which it has proved successful; ...

The MBS securities in TIAA's General Account are predominantly structured securities. The MBS securities in the CREF Bond Market Account are pass-through securities.

Insurers are allowed to invest separate account assets under different guidelines than those applicable to the insurer's general account assets. Short position Stock shares that a trader has sold short and not covered by a given date.

See also: Expense, Banks, Saving, Administration, Values