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What (who) is commingle accounts - definition

BREACH OF TRUST IN WHICH A FIDUCIARY MIXES FUNDS HELD IN CARE FOR A CLIENT WITH THEIR OWN FUNDS

Commingle

National accounts

ACCOUNTING FOR NATIONS

National Account Systems; National Account; National Accounts; National account; Social account; National account system; Overview of National Accounts; National accounting

National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry accounting.

https://en.wikipedia.org/wiki/National_accounts

Federal Reserve Deposits

Federal Reserve Accounts

Federal Reserve Deposits, also known as Federal Reserve Accounts, are deposits of gold or, later, Treasury Bills placed by United States banks with the Federal Reserve, the central bank. They are interchangeable with Federal Reserve Notes; both are forms of reserve balances and act as backing for the banks to create their own deposits in the form of loans to customers or to each other.

https://en.wikipedia.org/wiki/Federal_Reserve_Deposits

Public accounts committee

LEGISLATIVE COMMITTEE WHICH REVIEWS GOVERNMENT ACCOUNTS

Public Accounts Committee (disambiguation); Public Accounts Committee

Public accounts committee (PAC) refers to a committee in the legislature that must study public audits, invite ministers, permanent secretaries or other ministry officials to the committee for questioning, and issue a report of their findings subsequent to a government budget audit. Typically, the government is required to report back to parliament on PAC recommendations within a specified period, usually two to six months.

https://en.wikipedia.org/wiki/Public_accounts_committee

Wikipedia

Commingling

In law, commingling is a breach of trust in which a fiduciary mixes funds held in care for a client with his own funds, making it difficult to determine which funds belong to the fiduciary and which belong to the client. This raises particular concerns where the funds are invested, and gains or losses from the investments must be allocated. In such circumstances, the law usually presumes that any gains run to the client and any losses run to the fiduciary who is guilty of commingling. As one source puts it, "[i]n a pejorative sense, commingling is the special vice of fiduciaries (trustee, agents, lawyers, etc.) in failing to keep a beneficiary's money separate from the fiduciary's own money".

Commingling is particularly an issue in case of bankruptcy of the fiduciary. Funds held in care are not the fiduciary's property, and the client is not a creditor. So in case of bankruptcy, if the funds have been properly kept separate, they can easily be returned to the client. If, however, the funds have been commingled, the client is potentially subject to becoming entangled in the bankruptcy proceedings, and there may not be sufficient funds to pay the client back.

https://en.wikipedia.org/wiki/Commingling